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NAHB Comes Out Against Tax Reform Measure

“By sharply reducing the number of taxpayers who would itemize, what's left is a tax bill that essentially eviscerates the mortgage interest deduction and strips the tax code of its most vital homeownership tax benefit.”

By Erika Morphy | Updated on October 31, 2017

The Capitol

WASHINGTON, DC–The National Association of Home Builders had decided to oppose the tax reform plan expected to be released tomorrow by the House of Representatives. The association had been working with Congress on the plan and had expected it to include a homeownership tax credit, according to Granger MacDonald, chairman of the NAHB and a home builder and developer from Kerrville, Texas. This would have replaced the mortgage-interest deduction that is currently part of the tax code and would be eliminated under the reform package.

Instead, executives from the association learned over the weekend that the plan would not include this credit. The association plans to lobby against the measure when it is released.

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