House GOP tax-cut bill faces opposition from lobbyists

Here Come The Blood Suckers


President Trump’s tax cuts faced growing opposition on Sunday from interest groups opposed to eliminating popular deductions to help pay for them. The National Association of Home Builders, a powerful housing industry trade group, said it would work to kill the bill after House Ways and Means Committee Chairman Kevin Brady (R-Texas) said the legislation, which will be released Wednesday, would not include a homeownership tax credit. “We’re opposed to the tax bill without the tax credit in there, and we’ll be working very aggressively to see it defeated,” NAHB chief executive Jerry Howard said. House Republicans also face opposition over proposals to reduce tax-free 401(k) contributions, and deductions for state and local tax payments.

The home builders are seen as one of the most influential Washington corporate forces, not only because they have members everywhere , but they are often big fundraisers for politicians, and they have a close connection to the economy, development, hiring and economic growth.

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