Presenters from NLIHC’s policy team will discuss the tax reform legislation unveiled by House Republicans on November 2, which lowers the cap on the mortgage interest deduction.
Combined with an increase in the standard deduction, some estimates indicate the changes will result in only 4% of taxpayers using the MID.
The Republican proposal does not, however, convert the MID into a tax credit or invest the savings from lowering the cap into affordable housing solutions for the lowest income people, as called for by United for Homes.
Learn more about how United for Homes will engage as a campaign with respect to the proposed tax reform bill.
If you have not already registered for the monthly UFH endorser webinars, register for the November 8 event. Once you register, you will not need to register again for the monthly UFH endorser webinars.