Housing lobby enters fray over tax reform

By Joseph Lawler

Published October 16, 2017 4:01am ET

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Housing lobby enters fray over tax reform — The National Association of Homebuilders, one of the biggest relevant trade groups, made a consequential decision this month. They voted not to insist on the preservation of the mortgage interest deduction. Instead, the homebuilders made the call to try to work with lawmakers on finding other ways to incentivize housing, while pursuing the goal of lower tax rates. | AndreyPopov

The powerful housing lobby will be in the center of tax reform negotiations on Capitol Hill for the next few weeks as lawmakers try to hammer out the legislation.

Republicans want to eliminate prized housing tax breaks to raise revenue in exchange for lowering tax rates. Real estate agents, homebuilders, and investors want to hold onto those breaks, especially the deductions for mortgage interest and for state and local property taxes.

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Tag:

Congress Dave Camp Finance Housing Joseph Lawler Kevin Brady Lobbying Tax Reform