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DC real estate lobby apprehensive about the Republican tax plans

Two of the real estate industry’s biggest lobbying organizations have expressed concerns with Congress’ proposed tax reforms. “Simply preserving the mortgage interest deduction in name only isn’t enough to protect homeownership,” said National Association of Realtors president Elizabeth Mendenhnall, according to Mortgage Professional America. Mendenhall said NAR has concerns over how the proposal could impact middle-class homeownership. “We’ve already seen that a near-doubling of the standard deduction, combined with the elimination of other deductions like […]

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