Peter Roskam

Corporate tax cut plans put local home buyers, sellers, builders in a bind

Corporate tax cut plans put local home buyers, sellers, builders in a bind

If the federal tax plan, now wending its way through Congress, were already law, would you have been able to buy, sell or build your house?

Sure, posing that very idea smacks of vast overstatement.

But the way this new tax plan is shaping up, it’s going to be much harder to make such housing-related deals. What’s more, the home you own could end up losing some value if elements of the mammoth tax overhaul are approved.

You see, while big business is racing toward a nice payday because powerful lawmakers are eager to cut the corporate tax rate to 20 percent, from 35 percent, the tax plan is leaving behind way too many individual taxpayers, home buyers and sellers, and...

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