Senate Finance Committee Chairman Max Baucus (D-MT) and House Ways and Means Committee Chairman Dave Camp (R-MI-4th) have launched TaxReform.gov and the accompanying Twitter handle @simplertaxes to encourage the public to share their stories and suggestions related to reforming the tax code.
The Low-Income Housing Tax Credit (Housing Credit). Stakeholders are encouraged to use these opportunities to voice support for preserving this program in the tax code.
With tax reform on the horizon and Congress seeking to eliminate tax credits and deductions in order to lower corporate tax rates, the Housing Credit will only be saved if members of Congress believe – and hear from their constituents – that they are indispensable parts of the tax code.
You can also add local details from our New Jersey and district fact sheets on the impact of the Housing Credit. Other Housing Credit resources are available in the A Call To Invest In Our Neighborhoods (ACTION) Campaign’s Advocacy Toolkit.
Some sample tweets are provided below:
@simplertaxes #LIHTC produces almost all new affordable housing. 8.5m families have worst-case housing needs & we can’t afford to lose it.
@simplertaxes The #LIHTC proves how successful public-private partnerships can be w/ near $100b in private investment leveraged.