C.A.R. statement on passage of House tax reform bill

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Nov 16, 2017, 15:00 ET

LOS ANGELES, Nov. 16, 2017 /PRNewswire-USNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS^® (C.A.R.) issued the following statement in response to the House tax bill that passed today:

"We are disappointed with today's passage of H.R. 1, the so-called Tax Cut and Jobs Act," said C.A.R. President Steve White. "This bill is simply a direct attack on California housing and homeownership. Eliminating the incentive for people to buy homes and raising taxes on hundreds of thousands of California homeowners only puts the American dream further out of reach."

"We support fiscally responsible tax reform but lowering corporate taxes on the backs of middle-class families would be catastrophic."

"C.A.R. thanks the many courageous California Congressional members who believed their constituents deserved better and voted to do the right thing by opposing the bill," said White.

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

SOURCE CALIFORNIA ASSOCIATION OF REALTORS