Realtors Get Ready for Their Next Battle

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In a recent Wall Street Journal article, Realtors, Licking Their Wounds, Get Ready for Their Next Battle (reprinted on Realtor.com), discussed the recent battle on Capitol Hill over tax reform and the efforts of the National Realtors Association to shape the outcome – which the author says emerged from the debate “hobbled and humbled” and questions whether it can “regain some of its clout in Washington politics.”  It’s an interesting read when you consider the NAR spend over $32 million on lobbying efforts in 2017 alone.

In the fight over the tax bill, the NAR argued that doubling the standard deduction, which eliminates the incentive for most Americans to itemize their tax returns and claim the mortgage-interest deduction, could turn the U.S. into a “nation of renters.”

Click here to read Realtors, Licking Their Wounds, Get Ready for Their Next Battle (WSJ 1/9/18)  on Realtor.com.

About Author

Director of Education & Outreach, National Real Estate Investors Association