The California Association of REALTORS® (C.A.R.) opposes the “Big Six” Tax Reform proposal being considered by Congress.
Removing incentives for home ownership, the proposal raises taxes on middle-class homeowners, disallowing the deduction of state and local property taxes. This would be a form of double-taxation if the federal government were to tax families on monies paid to the state and local governments that they never used.
Home ownership is good for families and community and should be encouraged. Studies have shown that home ownership give families the ability to build wealth at a faster rate. The mortgage interest deduction has provided homeowner incentive for over 100 years and should be protected and prioritized by Congress.
If you would like to oppose this tax reform proposal, you can contact our Representative Salud Carbajal’s office by calling 1-800-278-3615 and entering 2024# when prompted for a PIN number.
FOR MORE INFORMATION, Go to http://on.car.org/2017taxreform
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