(Wall Street Journal) An influential home builders group will oppose the House Republicans’ forthcoming tax bill, in a blow to the party’s attempt to forge unity among business sectors.
The National Association of Home Builders, which had expressed openness to changes in the mortgage-interest deduction, decided it couldn’t back the GOP bill. The association’s leaders made the decision after top Republicans told them this weekend that they wouldn’t replace deductions for mortgage interest and property taxes with a new tax credit.
“It’s a bad bill for the housing sector,” Jerry Howard, CEO of the builders group, said in an interview on Saturday. “We will not be for it.”
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