Tag: tax reform
Treasury Secretary Testifies Before Senate Banking Committee
Treasury Secretary Steven Mnuchin testified on May 18 before the Senate Banking Committee and discussed a broad range of topics of interest to the home building community. View the key issues from the two-hour Q&A session before the Senate panel.
Ways and Means Republicans Vote to Support LIHTC
House Republicans on the Ways and Means Committee agreed to keep the Low Income Housing Tax Credit as part of efforts to revamp the tax code and lower the corporate tax rate in the coming year.
Outlook Gloomy for Tax Extenders, Including Energy Incentives
A number of temporary tax provisions, or tax extenders, are set to expire this month, and it appears unlikely that Congress will renew them. They include energy tax incentives used by builders, as well as home owner tax benefits including the deduction for mortgage insurance premiums.
Making the Case for Housing Tax Incentives
While NAHB members across the nation last week were busy Bringing Housing Home™ during in-district meetings with their lawmakers, NAHB tax staff was on Capitol Hill fighting to protect homeownership tax incentives, including the mortgage interest deduction, in any future tax reform effort.
Leaders in Congress, Top Federal Officials Urged to Adopt Strong Housing Agenda
NAHB Chairman Tom Woods, First Vice Chairman Ed Brady and Third Vice Chairman Randy Noel embarked on a visit to Washington this week to impress upon key federal officials and leading members of the House and Senate the need for action on a wide range of legislative and regulatory issues affecting the nation’s housing industry.
Senate Finance Committee Approves Tax Extenders Bill and Hints Tax Reform is Not Dead
The Senate Finance Committee on April 3 approved by voice vote legislation that renews and extends a number of temporary tax provisions that expired last year that is traditionally known as tax extenders. The legislation contains several provisions supported by NAHB.
Rep. Camp Releases Tax Reform Plan
House Ways and Means Committee Chairman Dave Camp (R-Mich.) published a discussion draft of a comprehensive tax reform proposal on Feb. 26. The 979-page legislative draft adopts the policy strategy of broadening the tax base while lowering income tax rates. These changes are approximately revenue-neutral, according to the Joint Committee on Taxation. In practice, this […]
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