NAHB Revises Policy as Tax Reform Debate Heats Up

Filed in Business Management, Capitol Hill, Economics by on October 3, 2017 6 Comments

NAHB today unanimously voted to revise its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration.

Today’s vote by the Executive Board gives NAHB greater flexibility as the tax debate unfolds and stakeholders seek consensus to shape a tax code that best serves the nation’s consumers and small businesses.

“This is the first time in NAHB’s 75-year history that we have been open to the idea of broader options regarding housing tax incentives,” said NAHB Chairman Granger MacDonald. “Now is the time to reform tax policy, and housing will not be left behind in this process.”

NAHB supports a tax system that is simple and fair, and that promotes greater housing opportunity for Americans across the economic spectrum.

The tax policies that NAHB is promoting include:

  • A homeownership tax incentive;
  • The low-income housing tax credit, along with additional resources to meet the affordability crisis;
  • Tax incentives for remodeling, including energy efficiency tax credits;
  • The exclusion of capital gains on the sale of a principal residence; and
  • Business interest deductions for small businesses.

“Tax policy is key to homeownership, affordable rental housing, business success and job creation,” MacDonald said. “That’s why NAHB will be fully engaged in this debate and pushing for innovative solutions that bring a better policy environment for American enterprise and lasting prosperity for our nation’s people.”

For more information, visit nahb.org/taxreform.

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  1. James Reedy says:

    Tax reform is to get rid of incentives and credits, why promote it.

  2. Excellent plan for tax reform. Energy efficient products for tax credits. I would like to bring attention to energy values that should be taken into account when values are assigned to receive tax credit when using R value / U value numbers. The calculation method to value the product comes from mathematical calculations derived from assigned values and those mathematical calculation do not include thermal mass and time of heat transfer. Builders miss out on the real values of materials slow to transfer summers heat like stone, brick and wood. Further they hold heat from interior heat supply longer reducing the cycle time of the heating system.

  3. Dale Gruber says:

    This is a good idea and glad NAHB is not so rigid to allow changes as needed to adapt to the situations that come up, yet keeping housing affordability and small business in mind. Great Job!!

  4. Herb Gross says:

    Please be sure to keep the Mortgage Interest deduction along with the Real Estate Tax deduction

  5. Margaret Wilson says:

    I am a homebuilder but I do not agree with tax incentives to entice consumers to make decisions that they otherwise would not make whether it is in my industry or any other. The deduction for home mortgage interest makes some sense but if it were ended the housing industry and homeowners would both suffer greatly. We do not need another artificial support to distort the market and make us dependent on government tax policy remaining unchanged.
    Eliminating capital gains on anything is a good thing.

  6. Harry Crowell says:

    We should never again allow the tax code to reduce tax benefits of any kind to our nations homeowners.
    when the tax incentives are reduced it reduces the ability of people to afford a new or used home.

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