Housing lobby enters fray over tax reform

Published October 16, 2017 4:01am ET



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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