My thoughts are to fully support this proposal as well..

I still have not been able to deduct my capital losses incurred during the bubble burst of 2001-2002! My tech losses were in excess of $100,000 and since these losses i stopped investing completely.

So, at the most my CPA told me that I can only writeoff of $3,000 per year! That's ridulous to say the least..It will take me 33 years to writeoff off my losses.