Housing group opens new crack in support for tax plan
Washington — Another deep crack has opened in support for President Donald Trump and the Republicans’ tax-cutting plan. A powerful lobbying group in the housing industry withdrew its blessing for the GOP’s top legislative priority just as its details are set to be revealed.
The move announced Monday by the National Association of Home Builders adds to breakaway threats against the legislation from House Republicans from high-tax states and with strong conservative views, and defenders of 401(k) plans.
The builders’ group objects to the removal from the tax plan’s latest version of a low-income housing tax credit.
Granger MacDonald is the organization’s chairman. He says that “lawmakers missed a golden opportunity to give the American people a tax reform package that would boost middle-class families and promote greater housing opportunity for Americans.”