Ryan loses key ally on tax reform after switch on breaks for homeowners

House Speaker Paul Ryan/Wikicommons

By Lorraine Woellert | Politico

The National Association of Home Builders on Saturday accused House Speaker Paul Ryan of abruptly reversing course on a mortgage tax credit proposal and announced it would oppose the tax-reform proposal that GOP lawmakers expect to unveil on Wednesday.

The about-face by the housing-industry lobbying group strips Republicans of a powerful ally. Tax breaks for homeowners have long been one of the flash points of any attempt to rewrite the nation’s tax laws.

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