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California Focus Tax Reforms Could Hit Housing and Economy
California readers face tax reform proposals by a Republican joint committee risking a net loss well over 110 billion dollars, averaging over two thousand dollars per resident. Eliminating the medical deduction but leaving it in the Senate, mortgage deduction changes, and eliminating state and local tax deductions could raise living costs, shrink home values, and strain affordability, with a possible national recession risk.
MENTIONED IN THIS ARTICLE
Senate
House of Representatives
House
Joint Committee
California
National Association of Realtors
Elizabeth Mendenhall
National Realtors’ Group
Trump