A bill to amend the Internal Revenue Code of 1986 to stimulate the economy by allowing a deduction for personal interest of consumers, and for other purposes.

Amends the Internal Revenue Code to allow a limited deduction for personal interest of: (1) $6,000, for a taxpayer filing a joint return; (2) $3,000, for a married individual filing a separate return; and (3) $4,000, for any other taxpayer.