Send a Tweet
Most Popular Choices
Share on Facebook 10 Share on Twitter Printer Friendly Page More Sharing
General News    H3'ed 5/1/17

Trump's Tax Plan: Destroying Home Values while Enhancing the Asset Values for the Wealthy

Quicklink Submitted By     (# of views)   3 comments
Author 39565
Follow Me on Twitter     Message Hugh Campbell
Become a Fan
  (3 fans)

Eliminating state and local taxes deductions will undoubtable cut into home values and is a blatant attack on the most populated blue states.

Who Benefits from the Trump Tax Plan
Who Benefits from the Trump Tax Plan
(Image by Center for Effective Government)
  Details   DMCA

'Current homeowners could very well see their home's value plummet and their equity evaporate if tax reform nullifies or eliminates the tax incentives they depend upon, while prospective homebuyers will see that dream pushed further out of reach.' - William Brown, President, National Association of Realtors.

Similar concerns have expressed about the House GOP tax reform blueprint, which also would eliminate many breaks and potentially alter the mortgage interest deduction directly.

The elimination of the federal estate tax and the alternative minimum tax, combined with the reduction of federal corporate income tax rates from 35% to 15%, will greatly enhance the value of the assets of the top percenters.
Read the rest of the story HERE:

At www.washingtonexaminer.com

 

Rate It | View Ratings

Hugh Campbell Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)