{"id":3875,"date":"2017-04-26T00:00:00","date_gmt":"2017-04-26T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mendenhall-urges-lawmakers-to-keep-incentives-for-homeowners\/"},"modified":"2017-04-26T00:00:00","modified_gmt":"2017-04-26T00:00:00","slug":"mendenhall-urges-lawmakers-to-keep-incentives-for-homeowners","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mendenhall-urges-lawmakers-to-keep-incentives-for-homeowners\/","title":{"rendered":"Mendenhall Urges Lawmakers to Keep Incentives for Homeowners"},"content":{"rendered":"

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As the Trump administration unveils its plan to reform the U.S. income tax system, NAR President-elect Elizabeth Mendenhall visited key lawmakers on both sides of the aisle yesterday to remind them of the central role the mortgage<\/a> interest deduction and other tax code provisions have long played in incentivizing Americans to become homeowners. Removing or diluting those incentives, which make it possible for millions of Americans to own a home, would not be good for the nation, she said.<\/p>\n\n
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NAR President-elect Elizabeth Mendenhall, center,\u00a0talks tax reform with Rep. Richard Neal (D-Mass.), left. At right is Evan Liddiard, NAR senior policy representative-federal taxation.<\/em><\/p>\n\t\t\t<\/td>\n\t\t<\/tr><\/tbody><\/table>

Mendenhall\u2019s meetings included sessions with Sen. Orrin Hatch (R-Utah), chairman of the Senate Finance Committee, and Sen. Ron Wyden\u00a0(D-Ore.), the panel\u2019s ranking member. The committee has jurisdiction over the tax code, placing it at the center of the tax-reform process. She\u00a0also met with Sen. Clair McCaskill\u00a0(D-Mo.).<\/p>\n\n

Mendenhall also spent time with legislators and staff in the House of Representatives, including\u00a0Congressman Richard Neal (D-Mass.), ranking member of the tax-writing\u00a0Ways and Means Committee,\u00a0Minority Whip Steny Hoyer (D-Md.), and the\u00a0chief of staff to Majority Leader Kevin McCarthy (R-Calif.).<\/p>\n\n

Mendenhall\u00a0stressed the need to improve the U.S. homeownership rate, which\u00a0is at a multidecade low, and reiterated NAR’s position that two key tax provisions,\u00a0the mortgage interest deduction and the deduction for state and local\u00a0taxes, be preserved. She also urged the lawmakers to reauthorize the National Flood Insurance<\/a> Program, which provides coverage to property owners in 22,000 communities across the United States where flood insurance is required to qualify for a mortgage. The program will expire on Sept. 30 unless Congress acts to extend it.<\/span><\/p>\n\n

Mendenhall also informed the lawmakers that about 9,000 REALTORS\u00ae would be in Washington in May to attend the 2017\u00a0REALTORS\u00ae Legislative Meetings & Trade Expo and protect rights for homeowners.<\/span><\/p>\n\n

\u2014Sam Silverstein, REALTOR\u00ae Magazine<\/em><\/p>\n<\/div>\n \n \n<\/pre>\n\n<\/div>\n\n\n
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As the Trump administration unveils its plan to reform the U.S. income tax system, NAR President-elect Elizabeth Mendenhall visited key lawmakers on both sides of the aisle yesterday to remind them of the central role the mortgage interest deduction and other tax code provisions have long played in incentivizing Americans to become homeowners. Removing or […]<\/p>\n","protected":false},"author":1,"featured_media":3876,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,1331,12908,543,627,698,408,1007,41,818,15282,1262,842],"class_list":["post-3875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-finance","tag-home","tag-home-buying-guide","tag-homeowners","tag-insurance","tag-mortgage","tag-owners","tag-property","tag-real","tag-ross","tag-taxes","tag-trump"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7448,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-say-tax-reform-would-hurt-them\/","url_meta":{"origin":3875,"position":0},"title":"Homeowners Say Tax Reform Would Hurt Them","author":"Amazing Property","date":"December 13, 2017","format":false,"excerpt":"A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS\u00ae\u2019 fourth-quarter Housing Opportunities and Market Experience survey. Learn More About Tax Reform How Tax Reform Affects Homeowners in Each\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Narhometaxsurvey.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/NARHOMETaxSurvey.jpg?fit=1081%2C1081&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6904,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-plan-to-build-on-realtor-party-successes\/","url_meta":{"origin":3875,"position":1},"title":"A Plan to Build on REALTOR\u00ae Party Successes","author":"Amazing Property","date":"November 2, 2017","format":false,"excerpt":"NAR CEO Bob Goldberg and 2017 President-Elect Elizabeth Mendenhall reiterated during NAR 360 that now is the time to expand the REALTOR\u00ae Party\u2019s impact on state and local advocacy for real estate issues. 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Tax reform was the buzzword of the day as 20,000 attendees\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"11 3 17 Taxreform3.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/11_3_17_TaxReform3.jpg?fit=600%2C399&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/11_3_17_TaxReform3.jpg?fit=600%2C399&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/11_3_17_TaxReform3.jpg?fit=600%2C399&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5743,"url":"https:\/\/amazingproperty.com.ng\/blog\/this-aint-your-daddys-association-anymore\/","url_meta":{"origin":3875,"position":3},"title":"\u2018This Ain\u2019t Your Daddy\u2019s Association Anymore\u2019","author":"Amazing Property","date":"August 15, 2017","format":false,"excerpt":"On Monday, NAR CEO Bob Goldberg and President-elect Elizabeth Mendenhall welcomed REALTOR\u00ae leaders to Chicago. 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