Economic Growth

A rising economic tide lifts all boats. Economic growth is essential to a robust housing market in which real estate agents, lenders, and consumers freely engage in commerce. Unfortunately, the federal government has made it incredibly difficult for individuals and families to achieve the American dream. Runaway federal spending is leaving the current and future generations of Americans with overwhelming debt. Total federal debt is approaching $20 trillion and isn’t showing signs of slowing down.

To pay for the government’s irresponsible spending, American families and businesses are saddled with high tax rates and then punished with additional taxation if they chose to save or invest their hard-earned money. Corporate, estate, and capital gains taxes discourage businesses and individuals from saving and investing, posing a significant threat to a robust real estate market.

On top of this, federal regulation, especially in the energy sector, has made the cost of starting and growing a business harder than ever. The sheer number of pages of federal regulations has grown from under 10,000 in 1954 to nearly 80,000 by 2014. This not only makes it more difficult for real estate agents to do their job and serve home buyers with access to credit, but it also shrinks the size of the real estate market which real estate professionals can participate in.

A strong economy — secured by reining in out-of-control federal spending, enacting pro-growth comprehensive tax reform, and peeling back over regulation — is essential to the economic well-being of all real estate professionals and potential home buyers. Congress must take action to cut spending, enact pro-growth tax reform, and reduce government regulation. Doing this will grow the economy and inject life back into the real estate market.

Briefs

Regulatory-Energy Reform

Background: In the last few decades, innovative technologies dramatically expanded the amount of available oil reserves in the United States. U.S. natural gas reserves have…

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Reining in Out-of-Control Government Spending and Debt

Background: Over the last ten years, federal government spending has been at a higher level than it’s ever been in American history. In fiscal year…

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Comprehensive Tax Reform

Background: Our current tax code is 20 years outdated and in desperate need of reform for a number of very important reasons. First, our tax…

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Blog posts

Phased-In Border Adjustment Tax Plan Is A Non-Starter

Washington — According to reports, House Ways and Means Committee Chairman Kevin Brady (R-TX) “floated a five-year phase-in to his controversial ‘border adjustment’ idea on…

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Video: Principles for Tax Reform: A Conversation with the House Freedom Caucus

Watch as members of the influential House Freedom Caucus lay out their principles for tax reform and the path forward in the 115th Congress. https://www.facebook.com/heritagefoundation/videos/10155382490189481/…

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Video: What Happened When These Counties Added Work Requirements

Food stamp participation fell by 85% after this simple reform was put in place in 13 Alabama counties. https://www.facebook.com/TheDailySignalNews/videos/863781147121172/…

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This Key Reform Must Be Central to Any New Tax Plan

By Salim Furth, Heritage Foundation Research Fellow in Macroeconomics & Adam Michel, Heritage Foundation Policy Analyst As Congress and the president move toward consensus on…

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House Conservatives Ready to ‘Go Big’ on Tax Reform That Includes Welfare Reform

By Fred Lucas, White House Correspondent for The Daily Signal The House Freedom Caucus wants to “go big” on a tax reform package to include welfare…

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New Data Show That Ignorance of US Tax Policy Fuels Leftward Sentiments

By Elizabeth Fender, Market Research Associate at The Heritage Foundation. With federal Tax Day now here, taxes have been on many people’s minds and have…

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Congress Should Leave the Border Adjustment Tax Behind

By Adam Michel, Policy Analyst at The Heritage Foundation BAT, RIP? That’s what some people are claiming. And with good reason. The border adjustment tax…

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Trump’s Labor Secretary Is About to Violate the President’s Agenda. Why He Should Delay This Obama-Era Rule.

By Norbert Michel, Heritage Foundation Financial Regulations Expert A costly and burdensome rule issued by the Obama administration is set to go into effect Friday, barring…

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Congress Should Reduce Federal Farm Aid

By Daren Bakst, Heritage Foundation Research Fellow in Agricultural Policy Imagine an industry coming to Congress asking to have taxpayers provide them financial support whenever they…

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4 Reasons Trump Was Right to Pull Out of the Paris Agreement

By Nicolas Loris, Heritage Foundation Fellow in Energy and Environmental Policy &  Katie Tubb, Heritage Foundation Policy Analyst for the Thomas A. Roe Institute for…

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Video: President Donald J. Trump​’s 5 Best Quotes from the Paris Agreement Announcement

Watch the video below to see President Trump's best quotes as he fulfilled a major campaign promise to exit the Paris Climate Agreement. https://www.facebook.com/TheDailySignalNews/videos/857699934395960/…

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President Trump Rejects Obama’s Climate Agenda, Exits Paris Agreement

Washington – President Trump is set to announce his decision to withdraw from the Paris climate agreement today, following through on a key campaign promise. Heritage…

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How America Can Get Its Fiscal House in Order

By Romina Boccia, Deputy Director of the Roe Institute for Economic Policy Studies at The Heritage Foundation The United States is on a dangerous spending path.…

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Video: Why Washington Hates Trump’s Budget

The Trump Administration released its budget proposal this week. Watch the video below to learn more about Trump's plan to cut spending and unleash economic…

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9 Key Takeaways From Trump’s First Budget

By Justin Bogie, Heritage Foundation Senior Policy Analyst in Fiscal Affairs & Salim Furth, Heritage Foundation Research Fellow in Macroeconomics & Adam Michel, Heritage Foundation Policy…

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Trump Must Resist Pressure From Foreign Leaders to Cave in on Global Warming

By Dan Holler, Vice President of Heritage Action for America President Donald Trump has arrived in Italy for the G-7 summit, where foreign leaders will…

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Trump Budget Puts Taxpayers First

Washington — This morning, the Trump Administration unveiled its FY 2018 budget proposal called “A New Foundation for American Greatness.” The budget includes $3.6 trillion…

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Here’s What’s in Trump’s ‘Taxpayers First’ Federal Budget

By Fred Lucas, White House Correspondent for The Daily Signal The Trump administration will respect taxpayers, balance the budget, return the country to 3 percent economic…

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Who Wins and Who Loses Under These 8 Big Government Policies

By Patrick Tyrrell, research coordinator in The Heritage Foundation’s Center for Data Analysis It’s clear that many big government policies are creating winners and losers…

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Heritage Action Supports Rep. Gary Palmer And Sen. Mike Lee’s Agency Accountability Act

Earlier this year, Rep. Gary Palmer (R-AL) and Sen. Mike Lee (R-UT) introduced the Agency Accountability Act of 2017 (H.R. 850 & S. 299). This legislation would…

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Heritage Action Signs Letter Asking President Trump to Pull Out of Paris Climate Agreement

A host of free-market groups have penned a letter asking for President Trump to follow through on his campaign promise to withdraw from the Paris…

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Heritage Action Signs Letter Calling For Fiscally Responsible Infrastructure Package

In light of President Trump’s plan to invest $1 trillion towards America’s infrastructure, Heritage Action has signed on to a coalition letter outlining principles to…

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Time for Trump to Fulfill Promise and Withdraw From Paris Climate Agreement

By Nicolas Loris, Heritage Foundation Fellow in Energy and Environmental Policy & Brett Schaefer, Senior Research Fellow in International Regulatory Affairs President Donald Trump has…

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Congress Has Ceded Too Much Authority to Agencies. This Bill Would Restore a Healthy Balance.

By Justin Bogie, Heritage Foundation Senior Policy Analyst in Fiscal Affairs Congress’ power of the purse is one of its bedrock responsibilities listed in Article 1…

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President Trump’s Simplifications to Tax Code Are Key to Economic Growth

Last week President Trump unveiled his plan for the “biggest individual and business tax cut in American history.” However, it still didn’t take long for…

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Key Vote: “No” On FY17 Omnibus Spending Bill (H.R. 244)

This week, the House and Senate will consider the Consolidated Appropriations Act of 2017 (H.R. 244), a 1,665-page omnibus spending package that would fund the…

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Massive Spending Bill Fails to Meet Conservative Priorities

By Justin Bogie, Heritage Foundation senior policy analyst in fiscal affairs & Rachel Greszler, Heritage Foundation senior policy analyst in economics and entitlements Early Monday morning, congressional negotiators released…

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Put America First by Fixing the Tax System

By Adam Michel, Policy Analyst at The Heritage Foundation Tell someone that the U.S. tax system needs to be fixed, and you’re not likely to…

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11 Ways Trump Has Rolled Back Government Regulations in His First 100 Days

By Rachel del Guidice, Daily Signal reporter As President Donald Trump reaches his 100th day in the White House on April 29, he will have…

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Out-of-control Government Spending Harms Taxpayers

By Diane Katz, Research Fellow in Regulatory Policy at the Heritage Foundation President Trump’s proposed cuts in discretionary spending have prompted a frenzy of dire…

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The Most Taxing Time of the Year

By Edwin J. Feulner, Former President of The Heritage Foundation, Chairman of the Asian Studies Center How does tax season make you feel? Angry? Tired?…

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How to Talk Taxes in Simple Terms

By Beverly Hallberg, President of District Media Group If you’re in need of a great dinner party topic, try taxes. We pay taxes, we complain…

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Here Are 6 Reasons to Lower the Corporate Tax Rate Immediately

By Timothy Doescher, Research Associate at The Heritage Foundation & Karl Keyzer-Andre, member of the Young Leaders Program at The Heritage Foundation. At close to 40 percent…

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Cotton Producers Already Clamoring for Farm Bill Subsidies

In preparation for the next farm bill expected to hit Congress in 2018, the House Committee on Agriculture held a hearing to examine some of…

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Government Funding Won’t Address Western Water Issues

By Nicolas Loris, Heritage Foundation Fellow in Energy and Environmental Policy Those who do not learn from history are doomed to repeat it. Sometimes, members…

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Trump’s Sweeping Executive Order on Climate Policy Has Been Sorely Needed

By Nicolas Loris, Heritage Foundation Fellow in Energy and Environmental Policy As promised, President Donald Trump has issued an “energy independence” executive order to undo…

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Next Farm Bill Shouldn’t Play Favorites With Energy

By Nicolas Loris, Heritage Foundation scholar in Energy, Environmental & Regulatory Issues The House Agriculture subcommittee on commodity exchanges, energy, and credit is holding a…

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Trump’s Big League Conservative Budget Request

Washington — This morning, President Donald Trump’s administration unveiled the outlines of an America First Budget. The administration’s budget request calls for roughly a 10…

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Q&A on Trump’s WOTUS Executive Order

By Heritage Foundation scholar Daren Bakst & Daily Signal editor Daniel Davis In light of President Donald Trump’s executive order that should put an end…

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Don’t Look To The Export-Import Bank To Create Jobs

Last week President Trump took a detour on his way to a weekend rally in Florida stopping at a Boeing plant in South Carolina. Trump…

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This Little-Used Tool Could Help Congress Undo Years of Government Overreach

By Paul J. Larkin Jr., Senior Legal Research Fellow at the Heritage Foundation In Washington, there is a saying that regulators never met a rule…

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Supreme Court Nominee Concerned With Unchecked Power of Federal Agencies

Following President’s Trump’s nomination of 10th Circuit Court of Appeals Judge Neil Gorsuch, leftist groups continue to grasp at straws hoping for a legitimate reason…

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Republican Cultural Elites Proposing Carbon Tax

This week, a group of Republicans publicly called for a substantial new carbon tax. These leaders, uniting under the banner of the “Climate Leadership Council,”…

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Restore Housing Decisions to Local Communities

As cabinet appointees are confirmed and begin their new roles, the Trump administration has ample opportunity to reduce the size and scope of government regulation…

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New Small Businesses Face $83,019.23 Regulatory Cost in First Year Alone

By Gloria Taylor The National Association of Small Business released the results of their Small Business Regulations Survey this week. The survey confirms that out…

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What Economic Recovery? 95 Million Americans Out of the Labor Force

By Gloria Taylor In the remaining weeks of his Presidency, Obama has been quick to tout his economic legacy. Yet the last job report of…

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Congress Should Repeal the Death Tax

This Wednesday, Rep. Mac Thornberry (R-TX) introduced legislation to fully repeal the federal estate and gift tax named the Death Tax Repeal Act (H.R. 198).…

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REINS Act Will Check Executive Overreach, Restore Constitutional Balance

By Rep. Doug Collins (R-GA) As a new Congress begins, Republicans have made it clear that regulatory reform is a priority that puts the interest of…

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Freedom Caucus Releases List of Regulations for Trump to Gut

By Gloria Taylor Last month, the House Freedom Caucus dropped a new report outlining 228 rules and regulations for the Trump Administration to tackle in…

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Drain the Swamp? This Energy Bill Is More Big Government Paternalism

By Nicolas Loris, Heritage Foundation Expert in Environmental and Regulatory Policy Time is running out for negotiations between the Senate and House of Representatives on…

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Tax Reform a “First Priority” Under the Trump Administration

President-elect Donald Trump has been making a number of administrative appointments over the last few weeks. On Wednesday, President-elect Trump nominated a former Goldman Sachs…

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U.S. District Court Halts Overtime Rule Just in the Nick of Time

The U.S. District Court in the Eastern District of Texas halted the implementation of the Department of Labor’s (DOL) overtime rule just as it was…

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Grave Digging in Iceland, Tofu in Convenience Stores: Your Tax Dollars at Work

By Rachel del Guidice The national debt is expected to hit $20 trillion early next year. Sen. James Lankford has a few ideas to start…

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Three Key Reforms for Federal Water Policy

By Daren Bakst, Research Fellow in Agricultural Policy at the Heritage Foundation For decades, the Environmental Protection Agency (EPA) and the U.S. Army Corps of…

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The Federal Regulations That Affect Your Thanksgiving Foods

By Diane Katz, research fellow in regulatory policy at the Heritage Foundation This being the fourth Thursday of November, we turn our attention to the…

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The Pathway Out of Paris

By Nicolas Loris and Steven Groves, The Heritage Foundation As climate negotiators work out the details of the Paris Agreement on global warming in Marrakech,…

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Return of Earmarks Would Boost the Ruling Class

By Mike Needham, CEO of Heritage Action for America Banning congressional earmarks was one of the signature accomplishments of House Republicans over the last several…

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Federally Mandated Paid-Leave: Bad for Employers and Workers

Politicians in both the Democrat and Republican parties have indicated support for federally mandated paid-leave. While on the surface this may sound like a good…

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Obama’s 6 Biggest Domestic Policy Blunders

https://www.youtube.com/watch?v=8MwheHhoPpA After almost eight years in power, it’s a good time to ask: What has the Obama administration wrought? Watch this video by the Daily…

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Heritage Action Opposes Special Tax Breaks for Renewable Energy

Members of Congress will return to Washington, D.C. after the Presidential election on November 14th for a lame-duck session of Congress. Historically speaking, politicians use…

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Rising Red Tape Near Top of Small Business Fears

By Jessica McBirney and James Gattuso, The Heritage Foundation Far from equipping small businesses “with the tools and resources they need to succeed,” government actions…

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The Government Just Spent $168 Billion More Than the Year Before

By Romina Boccia, Research Fellow on federal spending and debt at the Heritage Foundation New numbers on federal spending are in from the Congressional Budget Office,…

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Obama Fair Housing Rules Open Door to Unintended Consequences

By Salim Furth, Ph.D. Research Fellow, Macroeconomics at the Heritage Foundation The Obama administration is pulling on both ends of the rope in the tug…

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Obama’s New Death Tax Threatens Family Farms and Businesses

Special Guest Blog: Congressman Warren Davidson (R-OH) We all knew President Barack Obama’s lame-duck presidency would be bad, but for the millions of Americans who…

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The State of Tax Reform in 2016

By Curtis Dubay, Heritage Foundation Economic & Tax Expert Tax reform remains a central issue in Washington because of its overwhelming necessity. Tax reform is…

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Video: What Pro-Growth Tax Reform and Conservative Health Care Reform Should Look Like

https://www.youtube.com/watch?v=b9ev9fB2UU0 Watch Heritage Foundation scholars Paul Winfree and Ed Haislmaier, along with CEO of Juniper Research Group Chris Jacobs, discuss the impact that an outdated tax…

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Unleash America’s Energy Resources

The U.S. economy added 151,000 jobs in the month of August, roughly 30,000 less than the 180,000 jobs many economists predicted. The unemployment rate was…

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Obama shows what not to do on climate policy

By Nicolas Loris, Heritage Foundation Energy & Environmental Expert President Obama sets off for his final Asia trip as commander in chief this week, and…

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Clinton’s Small Business Plan is More Government

Democrat presidential nominee Hillary Clinton will roll out her plan to make American small businesses great again, or in her words: “to support small businesses…

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Why Real Estate Professionals Should Care More about Economic Growth than the U.S. Homeownership Rate

The U.S. homeownership rate recently fell to its lowest level since the Census Bureau began tracking the figure in the mid-1960s. At 62.9 percent, many…

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Should the Federal Government Regulate Greenhouse Gases?

Heritage Action recently joined energy groups and other conservative organizations in sending a letter to Representative Evan Jenkins (R-WV) thanking him for introducing his latest…

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House Passed Interior-EPA Spending Bill a Mixed Bag

Last Thursday, the House of Representatives passed a $32.1 billion Fiscal Year 2017 Interior-EPA spending bill (H.R. 5538) by a vote of 231 to 196.…

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National Flood Insurance Program (NFIP) Does More Harm than Good

In testimony before the Senate Committee on Small Business and Entrepreneurship earlier this month, the vice chairman of the National Association of Realtors’ (NAR) Insurance…

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FAA Issues New Regulations on Unmanned Aerial Systems (UAS)

The Federal Aviation Administration (FAA) just made it harder for real estate professionals to use drones when buying or selling property. Set to take effect…

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How Tax Reform can Improve Home Affordability

According to a national 2016 How Housing Matters Survey, commissioned by the MacArthur Foundation, 81 percent of respondents believe housing affordability is a problem while…

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Blueprint for Pro-Growth Tax Reform Released

Last Friday, House Republicans released a blueprint for comprehensive tax reform as part of the GOP’s larger campaign reform agenda named “A Better Way.” While…

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Heritage Action Praises Tax Reform Task Force

Washington — Today, the House Republican’s tax reform task force released its policy recommendations. Last December, Speaker Paul D. Ryan promised to “show what we would…

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Government Regulation Driving Up the Cost of New Home Construction

A new study conducted by the National Association of Home Builders (NAHB) concludes that the average cost for home builders to comply with local, state,…

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House Passes Legislation Expanding Consumer Choice in Flood Insurance Marketplace

On Thursday, the House of Representatives passed H.R. 2901 – Flood Insurance Market Parity and Modernization Act introduced by Representative Dennis Ross (R-FL). Passed by…

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Senate Fails to Defund Waters of the U.S. Rule

Last week, the Senate failed to pass an amendment preventing the Environment Protection Agency (EPA) and the Army Corps of Engineers from using federal funds…

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Congress considering energy bill that would expand federal ownership of private land

The U.S. Senate is set to debate and consider the Energy Policy Modernization Act of 2015 (S. 2012) over the next few months. One provision…

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President Obama’s latest budget: A bad deal for real estate professionals

This month, President Obama released the 8th and final budget of his presidency. Unfortunately for realtors, his budget includes a number of proposals that if…

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