10/31/2017

Home Builders Now Oppose Tax Reform Bill

The group's opposition comes after learning a proposed tax credit for mortgage interest was cut

Efforts by Republican lawmakers to pass a tax reform bill in the coming weeks suffered a setback over the weekend, courtesy of a major trade association.

On Saturday, the National Association of Home Builders (NAHB), which had said it would support a bill that included changes to the mortgage interest deduction as long as a tax credit took its place, announced it could not support the bill after GOP leaders said the measure would not include the credit.

“All the resources we were going to put into supporting are now going to go into opposing the plan,” NAHB CEO Jerry Howard told Politico on Saturday.

Please click here to read the complete article from Associations Now.