H.R. 1
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
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
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
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
