House Oversight Democrats Say TCJA Burdens Homeowners

U.S. House of Representatives

U.S. House Oversight and Accountability Committee

Under the Tax Cuts and Jobs Act, millions of homeowners will be denied deductions related to home equity loans or property taxes, while real estate developers will receive $66.7 billion in tax relief over 10 years, according to a report released by the Democratic staff of the House Oversight and Government Reform Committee in July.

<p>Under the Tax Cuts and Jobs Act, millions of homeowners will be denied deductions related to home equity loans or property taxes, while real estate developers will receive $66.7 billion in tax relief over 10 years, according to a report released by the Democratic staff of the House Oversight and Government Reform Committee in July.</p>

<p>Under the <a href="/lr/resolve/source-document/1xftl" title="Source document">Tax Cuts and Jobs Act</a>, millions of homeowners will be denied deductions related to home equity loans or property taxes, while real estate developers will receive $66.7 billion in tax relief over 10 years, according to a report released by the Democratic staff of the House Oversight and Government Reform Committee in July.</p>

Under the Tax Cuts and Jobs Act, millions of homeowners will be denied deductions related to home equity loans or property taxes, while real estate developers will receive $66.7 billion in tax relief over 10 years, according to a report released by the Democratic staff of the House Oversight and Government Reform Committee in July.