RealEstateRama Laws & Taxes
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement regarding the president’s infrastructure plan: “This is another broken promise to rebuild America’s aging infrastructure. They ignored bipartisan proposals like the one I have with Sen. John Hoeven to responsibly expand infrastructure investment.
The Alliance to Save Energy released the following statement from President Kateri Callahan in response to the Trump administration’s infrastructure plan released today: “We need to do this the right way up-front, because there’s a real downside to building new things when you have to spend an arm and a leg to run them.
Senate Finance Committee Ranking Member Sen. Ron Wyden, D-Ore., today cheered the inclusion of several Finance Committee policies he championed as a part of the recently announced budget deal. These include the CHRONIC Care Act, the Family First Act, a further extension of funding for the Children’s Health Insurance Program (CHIP) for four additional years, and critical extenders in the Medicare, Medicaid, health and human services, and tax spaces, including five years of funding for advanced technology tax credits and home visiting programs
On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership.
The House passed H.R. 2371, the “Western Area Power Administration Transparency Act.” Introduced by Subcommittee on Energy and Mineral Resources Chairman Rep. Paul Gosar (R-AZ), the bill establishes a pilot project to increase the transparency of the Western Area Power Administration’s (WAPA) costs, rates, and other financial and operational dealings for utility ratepayers and taxpayers.
According to the Enforcement and Litigation Data report for fiscal 2016, released by the US Equal Employment Opportunity Commission (EEOC) on January 18, 2017, the EEOC received 91,503 charges of workplace discrimination in 2016. Out of all the workplace discrimination charges
Kristen Clarke, president and executive director of the Lawyers’ Committee for Civil Rights Under Law, issued the following statement Friday regarding the U.S. Department of Housing and Urban Development’s (HUD) decision to postpone the implementation of the Affirmatively Furthering Fair Housing (AFFH) rule until October 2020.
Norton Says Congressional Budget Process Ironically Allows D.C. Homeowners to Avoid New Property Tax...
Congresswoman Eleanor Holmes Norton (D-DC) said that in one of the great ironies of the onerous District of Columbia budget process, D.C. residents can prepay their 2018 property taxes by December 31, 2017, to avoid the $10,000 state and local tax deduction cap that takes effect next year.
House Speaker Paul Ryan (R-WI) issued the following statement on enactment of the Tax Cuts and Jobs Act: “The biggest tax reform in a generation is now the law of the land. As promised, the American people will begin the new year with a new tax code.
The U.S. House and Senate today passed the conference agreement of the “Tax Cuts and Jobs Act,” marking a near end-of-the-road for Congress’s tax reform efforts this year. The president is expected to sign the bill later this week.
While the preservation of Low Income Housing Tax Credits and Private Activity Bonds avoids an immediate devastating impact on affordable housing, this bill will exacerbate our country’s already yawning income inequality and will harm efforts to end homelessness and housing poverty. An estimated 64% of the bill’s benefits go to the top 1% of earners, at a cost to the country of over $1 trillion.
Industry Employment Reaches 10-Year High and Unemployment Rate Falls to 5.0 Percent; Association Officials Say Tax Rate Cuts Will Enable Firms to Increase Pay and Attract More Workers to Construction. Construction employment increased by 24,000 jobs in November to the highest level since November 2008
Infographic: Homeowners Say Changing Homeownership’s Tax Incentives Restricts Mobility, Causes Financial Strain
An overwhelming majority of homeowners would take advantage of the mortgage interest deduction and state and local property tax deductions if they were to purchase a new home, and a notable share said that the proposed changes to these tax incentives would affect their budget and desire to move in the future
The U.S. Senate today passed tax reform legislation that the National Association of Realtors® believes puts home values at risk and dramatically undercuts the incentive to own a home.
SENATE TAX REFORM MEASURE HAS IMPROVED SUBSTANTIALLY BUT LACK OF INFRASTRUCTURE INVESTMENTS, TEMPORARY NATURE...
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in connection with the proposed Senate tax reform measure