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TAX REFORM
Advances on Capitol Hill
NAHB Keeps Fighting
The House on Nov. 16 passed The Tax Cuts enable them to remain major drivers of job growth
and Jobs Act, tax reform legislation opposed by and maintain a level playing field with large
NAHB because of its detrimental effects on the corporations.
housing market and middle-class families. Late Earlier in the week, more than 50 leaders from
that evening, the Senate Finance Committee across the NAHB Federation held 150 meetings with
advanced its version of tax reform legislation that House and Senate lawmakers as your association
NAHB believes is better for the housing sector. continued to press the case for affordable housing,
However, like the House bill, the Senate tax tax relief for small businesses and middle-class
plan fails to provide a meaningful incentive for homeownership incentives in tax reform legislation
homeownership for the middle class. being considered by both chambers.
NAHB will continue to work with Congress on Over two days of meetings, these home builders,
tax policy and other areas to ensure that housing developers, remodelers and their trade partners
and homeownership remain a national priority. discussed the preservation of tax credits to spur
Enacting meaningful tax reform that will help the the construction of more affordable housing,
middle class and small businesses is vital to keep provisions ensuring small businesses are not at
the housing market moving forward and to create a competitive tax disadvantage to corporations,
job and economic growth. and the importance of preserving incentives
The Senate tax plan does contain positive that encourage the growth of homeownership,
elements for housing. It would protect important particularly among middle-class families.
provisions to boost the production of affordable NAHB remains engaged and will fight for
housing, including the Low-Income Housing Tax the interests of the housing community as the
Credit and the tax-exempt bond program. legislative process moves forward.
The Senate package would also provide
sufficient tax reductions for small businesses to NAHB NOV 2017
NOVEMBER 2017 | GREATER SAN ANTONIO BUILDERS ASSOCIATION 13
