Capitol Hill

Budget Accord May Affect Rebuilding Efforts

Filed in Capitol Hill, Codes and Regulations by on February 15, 2018 0 Comments
Budget Accord May Affect Rebuilding Efforts

The two-year budget accord signed by President Trump earlier this month contains provisions from a House of Representatives disaster relief bill (H.R. 4460, the Disaster Recovery Reform Act) designed for states hit hard by hurricanes and wildfires in 2017. However, the details on how these provisions will work are still in flux.

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Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

Filed in Capitol Hill, Labor, Safety and Health by on February 12, 2018 2 Comments
Trump’s Fiscal 2019 Budget Seeks 14% Cut to HUD

President Trump’s proposed fiscal 2019 budget, which runs from Oct. 1, 2018 through Sept. 30 2019, would cut the HUD budget 18.3%, or $8.8 billion, to $39.2 billion.

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Energy and Home Owner Tax Credits Included in Budget Accord

Filed in Capitol Hill by on February 9, 2018 1 Comment
Energy and Home Owner Tax Credits Included in Budget Accord

As part of the Bipartisan Budget Act of 2018, which was signed into law on February 9, Congress retroactively extended a number of expired energy and home owner tax provisions. The tax credits were reinstated on a retroactive basis for 2017 only.

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After Brief Government Shutdown, Congress Approves 2-Year Budget Framework

Filed in Capitol Hill by on February 9, 2018 0 Comments
After Brief Government Shutdown, Congress Approves 2-Year Budget Framework

Congress early this morning approved a two-year budget framework to keep the government running following a brief shutdown that began at midnight and lasted less than six hours. The accord includes massive increases to defense and discretionary spending, as well as key housing provisions.

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Trump: ‘America is a Nation of Builders’

Filed in Capitol Hill by on January 31, 2018 6 Comments
Trump: ‘America is a Nation of Builders’

President Trump declared that “America is a nation of builders” in his State of the Union address last night and the nation’s home builders wholeheartedly agree.

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How the Government Shutdown Could Affect Housing

Filed in Capitol Hill by on January 20, 2018 1 Comment
How the Government Shutdown Could Affect Housing

The White House and Republican and Democratic congressional leaders failed to reach an agreement to extend government funding on Friday, resulting in a shutdown of certain federal government functions effective at 12:01 a.m. on Saturday, Jan. 20 that will affect housing and home builders.

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Trump Signs Tax Bill into Law

Filed in Capitol Hill by on December 22, 2017 2 Comments

President Trump today signed into law landmark tax reform legislation. “Providing tax relief for hard-working families and creating a more favorable tax climate for small business will make the economy more vibrant and competitive,” said NAHB Chairman Granger MacDonald. “In turn, this will boost the housing sector, which represents roughly one-sixth of the U.S. economy. Housing not only equals jobs, but jobs mean more demand for housing.”

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Short-Term Spending Bill Keeps the Government Open Through Jan. 19

Filed in Capitol Hill by on December 21, 2017 0 Comments

With the government funding set to run out on Dec. 22, Congress moved to approve a short-term continuing resolution to keep the lights on at federal agencies through Jan. 19.

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Congress Approves Tax Reform Legislation, Bill Now Awaits President’s Signature

Filed in Capitol Hill by on December 20, 2017 0 Comments
Congress Approves Tax Reform Legislation, Bill Now Awaits President’s Signature

The Senate shortly before 1 a.m. this morning approved landmark tax reform legislation, the Tax Cuts and Jobs Act. The House passed the bill yesterday but had to revote today because technical changes were made to the Senate bill. The House approved the amended bill several hours later, and President Trump is expected to sign the measure into law in the near future.

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House Passes Tax Reform Measure

Filed in Capitol Hill by on December 19, 2017 0 Comments
House Passes Tax Reform Measure

On a 227-203 vote, the House of Representatives today approved the Tax Cuts and Jobs Act, sending the legislation to the Senate for approval. NAHB was at the forefront of the tax reform debate, earning earned clear victories on the real estate exception to the business interest deduction, second homes, private activity bonds, the capital gains exclusion and many other provisions.

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