Planetizen - Urban Planning News, Jobs, and Education

Tax Cuts and Jobs Act

May 29, 2018, 8am PDT
Memorial Day gas prices are the highest since 2014, The rising price of gas has already negated the tax savings from last year's tax cuts bill for low-income Americans. Retaining fuel economy standards would increase energy security.
The Fuse
December 27, 2017, 5am PST
While the low income housing tax credit was retained, banks will be much less willing to purchase them due to their reduced corporate tax rate. That's just one way H.R. 1 will exacerbate divisions between the rich and poor in America's cities.
The New York Times
December 26, 2017, 12pm PST
A new Harvard study reports that the rental market began to decline this year, and may continue to drop as higher income renters become homeowners. However, the report was released a week before the GOP tax cuts bill was signed.
Business Insider
December 24, 2017, 9am PST
When President Trump signs the tax-cutting bill, Sen. Lisa Murkowski (R-Alaska) will have achieved a family dream of opening up the pristine refuge, created 37 years ago, to drilling.
The New Yorker
December 20, 2017, 6am PST
The current mortgage interest deduction is $1 million. The House version of the tax bill called for a $500,000 cap while the Senate left it untouched. They split the difference and capped it at $750,000. Congress is expected to pass H.R. 1 this week
The New York Times
November 27, 2017, 5am PST
To help pay for their massive tax cut bill, Senate Republicans have proposed elimination of a small tax benefit that can save bike commuters $240 annually. Unlike the House tax bill, they don't touch parking and transit benefits.
Bicycling
November 9, 2017, 6am PST
The Tax Cut and Jobs Act would have a deleterious effect on major infrastructure proposed by the private sector. The loss of Private Activity Bonds would hike borrowing rates for road, transit, stadium, and even affordable housing projects.
Greater Greater Washington
November 6, 2017, 9am PST
The House GOP tax plan, which Trump wanted to name the "Cut, Cut, Cut" bill, was intended to cut taxes, but it's also cutting credits, like the federal $7,500 electric vehicle tax credit. How much would its elimination affect EV sales?
The Hill