California Realtors blast GOP tax bill
December 2, 2017
• Call Senate tax bill a direct attack on homeownership in California
• “This bill will eliminate the financial benefits for homebuyers”
The U.S. Senate’s passage late Friday night of a bill rewriting federal tax laws is being criticized by the California Association of realtors.
“We are disappointed that the Senate voted to pass a tax hike bill on California homeowners. This bill will eliminate the financial benefits for homebuyers and leave hundreds of thousands of Californians worse off than they are today,” says CAR President Steve White. “If the goal of this bill is to help middle-class Americans keep more of their hard-earned money, this proposal fails miserably.”
He says the legislation attacks homeownership by significantly reducing incentives for people to buy homes.
“California already has a severe housing affordability crisis, and this bill will make it that much harder for Californians looking to attain the American dream,” says Mr. White.