The New York Times has a story
and accompanying graphics to show how homeowners would get less in tax
credits under the proposed tax reform than under current law. Their
examples include a family earning $90,000 in Lansing, Michigan, who buy
a $500,000 house. The average home in Lansing is $250,000.
Just
as the left were cheerleaders for the dot-com boom, they are now
fighting against anything that would undermine home values at the top
of the market–even though the reform would help those in lower
brackets and with less expensive homes.
