How The GOP Tax Plan Could Radically Reshape U.S. Housing Policy

How The GOP Tax Plan Could Radically Reshape U.S. Housing PolicyWASHINGTON ― The tax reform blueprint Republicans unveiled this week would upend U.S. housing policy if it becomes law. “This proposal will take away any tax benefit for owning homes for the vast majority of people who own homes,” said Gregg Polsky, a tax expert at the University of Georgia. Mortgage interest and property tax deductions cost the U.S. Treasury more than $ 100 billion a year in lost tax revenue, expenditures that are bigger in dollar terms than any other housing program.



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