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follow tovarichpeter 2017 Nov 13, 10:25am
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Remind your colleagues to take one minute today to ask Congress to protect homeowners while considering reforms to the U.S. tax code. Why?Under the current proposal, millions of homeowners will see a tax increase. If the bill is enacted, we anticipate a 10% drop in home values.Homeownership tax incentives will be beyond the reach of more than 90% of American families.It will cost our children and grandchildren $1.5 trillion in new federal debt.Homeowners in all 50 states would be double-taxed on the money they pay for state/local taxes.If you buy a home and then have to move within 5 years, you could be hit with a big tax bill under this plan.All this from a bill that is supposed to improve the current system. This is a clear and present danger to American homeownership.