LOS ANGELES, Dec. 15, 2017 /PRNewswire-USNewswire/ -- The
CALIFORNIA ASSOCIATION OF
REALTORS® (C.A.R.) issued the following statement in
response to the final Tax Cuts and Jobs Act tax reform bill
released today:
"The final tax reform bill released punishes homeowners and
weakens homeownership, and in fact, it looks at homeowners and the
housing market as nothing more than a piggy bank," said C.A.R.
President Steve White. "Congress is
touting this as a tax cut for middle-class families, but the
reality is that thousands of California middle-class homeowners will be the
first ones to face tax increases."
"California is a donor state,
meaning for every dollar we send to the federal government, they
send back less than a dollar. California homeowners and consumers deserve
better. With homeownership already a stretch, or out of reach
altogether for so many Californians, now is not the time to make
owning a home more difficult."
"C.A.R. will continue to advocate for homeownership and urge
Congress to vote No on legislation that negatively impacts
California homeowners and lowers
corporate taxes on the backs of families wanting to buy a home,"
said White.
Leading the way... ® in California real estate for more than 110
years, the CALIFORNIA ASSOCIATION
OF REALTORS® (www.car.org) is one of the largest state
trade organizations in the United
States, with more than 190,000 members dedicated to the
advancement of professionalism in real estate. C.A.R. is
headquartered in Los Angeles.
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SOURCE CALIFORNIA ASSOCIATION
OF REALTORS