Final GOP tax reform bill punishes homeowners and weakens homeownership, C.A.R. says
LOS ANGELES (Dec. 15) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to the final Tax Cuts and Jobs Act tax reform bill released today:
"The final tax reform bill released punishes homeowners and weakens homeownership, and in fact, it looks at homeowners and the housing market as nothing more than a piggy bank," said C.A.R. President Steve White. "Congress is touting this as a tax cut for middle-class families, but the reality is that thousands of California middle-class homeowners will be the first ones to face tax increases."
"California is a donor state, meaning for every dollar we send to the federal government, they send back less than a dollar. California homeowners and consumers deserve better. With homeownership already a stretch, or out of reach altogeth...
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