CALL FOR ACTION: Tell Congress to Reform Our Tax Code AND Protect Middle-Class Homeowners

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The National Association of REALTORS® has issued a Call for Action for REALTORS® across the country to contact their member of Congress and request they Reform Our Tax Code AND Protect Middle-Class Homeowners. Participating in the Call for Action is easy, and will only take you about 30 seconds.

We can’t let Congress turn tax reform into a tax increase for middle-class homeowners. Consider what effect the points below would have on your tax bill, the tax bill of your clients, and the impact on your business.

  • Homeowners already pay 83% of all federal income taxes. Homeowners should not have to pay more taxes so corporations can pay less.
  • Home-owning families with incomes between $50,000 and $200,000 could face average tax hikes of $815 in the year after enactment.
  • Tax reforms under discussion could result in a drop of more than 10% in the value of all homes.
  • NAR rejects repealing or weakening tax incentives for homeowners, like the mortgage interest deduction and the state and local property tax deduction.
  • These incentives are critical for a strong housing market that creates jobs and builds stable communities.

We need tax reform, but not at the expense of middle-class homeowners. Let’s take this opportunity to show Congress the strength of our REALTOR® voice and advocacy efforts.

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Want to learn more? Check out the articles below for more detail.

 

2017 REALTORS® Annual Legislative Meetings

 

This post will be updated daily throughout the meetings.

Recap from Day 5 — May 20, 2017

The NAR Legislative Meetings wrapped up with a Board of Directors meeting.

Day 5 collage

Recap from Day 4 — May 19, 2017

Day 4 of the NAR Legislative meetings was busy for BRR leaders and staff. They attended a number of meetings including the Issues Mobilization Grant Workshop and Forum, Government Affairs Director meeting, a financial planning class, and the Region 12 Caucus in which Julie DeLorenzo presided as the Regional Vice President.

Day 4 collage

Recap from Day 3 — May 18, 2017

BRR leaders and staff spent Day 3 of the NAR Legislative Meetings working in NAR committee meetings, taking a tour of the Capital building, and watching Congress in session. Congressman Simpson presided as Chairman of the session, and they were able to watch every member of Congress cast vote from their front row view!

Day 3 collage

 

Recap from Day 2 — May 17, 2017

NAR Senior Vice President of Government Affairs & Chief Lobbyist Jerry Giovaniello lead the discussion with expert panelists on tax reform and flood insurance. Chris Wallace of Fox News spoke on “America Under President Trump.” BRR and IR representatives met with Idaho Congressman Mike Simpson and Senator Jim Risch. BRR Vice President Phil Mount discussed government-sponsored enterprise reform with Senator Mike Crapo during their visit today.

Day 2 collage

 

Recap from Day 1 — May 16, 2017

Dr. Ben Carson spoke at the regulatory issues forum, Roy Wright from FEMA discussed national flood insurance issues, Kit Fitzgerald and Connie Fogle represented Idaho during the NAR Presidents Cup recognition. #NARLegislative #REALTORParty

Day 1 collage

 

2017 REALTORS® Annual Legislative Meetings — May 10, 2017

Next week, leaders and staff from BRR will be attending the National Association of REALTORS® Annual Legislative Meetings in Washington, D.C. The purpose of this important conference is threefold: advocacy, committee service, and networking.

First, for REALTORS® from around the country to share issues important to our industry, communities, and consumers with U.S. Senators and Representatives. Three key issues to be discussed include tax reform, the reauthorization of the national flood insurance program, and ways to protect sustainable homeownership. Talking points for each are available here and will be the basis for meetings that Idaho REALTORS® will be having with Idaho Senators Crapo and Risch, and Representatives Labrador and Simpson while in D.C.

Second, to serve on national committees and workgroups, helping shape policy and initiatives to benefit members. From Idaho, there are 16 REALTORS® who serve on committees, as well as four staff members, including BRR Chief Executive Officer Breanna Vanstrom. You can see a full list of those serving on national committees at NAR.realtor (login required).

And third, to network with dedicated real estate professionals from around the country, sharing best practices and bringing new ideas back to our local association. There are structured networking sessions focused on association management, leadership ideas, and brokerage management, as well as the informal networking that happens between sessions, at educational programs, and during the trade show. The Legislative Meetings are open to all REALTORS®, so if you’re not able to attend this year, please consider it for 2018.

Stay up-to-date on the Legislative Meetings by following the NAR Legislative Live Blog.