Wednesday, September 22, 2021 5:07 am

NAHB opposes Dems’ plan for trillions in new taxes

By NAHB

NAHB is sounding the alarm to lawmakers as House Democrats within the Ways and Means Committee begin consideration of a massive overhaul of the tax code which would generate over $2 trillion in additional tax revenue over the next 10 years.

While the legislation also includes critical and much needed affordable housing investments, this is far outweighed by trillions of dollars in job killing tax hikes — which risk broad harm to the still fragile economy — along with direct and indirect cost increases on housing.

These changes are being considered to fund part of the Democrats ambitious Build Back Better plan, which focuses on what the White House refers to as “human infrastructure.”

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