Tax reform must protect homeownership – The Hill

The 115th Congress is gearing up for an intense legislative session, and tax reform is set to play a starring role.

That’s good.

America’s tax system deserves an overhaul, with an eye toward ensuring individual tax rates are as low as possible while still providing for balanced fiscal policy.

Congressional leaders on both sides of the aisle have done tremendous work to get us there, and we’re hopeful this conversation continues.

For the roughly 75 million home-owning families across the country, the stakes couldn’t be higher.

Important tax incentives for homeownership and real estate investment like the mortgage interest deduction, state and local property tax deduction, and 1031 like-kind exchange are critical. They’re key to protecting home values, supporting investment and helping new buyers enter the market.

Here’s why:

First, American homeowners already pay between 80 and…

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