Republican Tax Plans: The Impact Homeowners Should Expect

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Republican Tax Plans: The Impact Homeowners Should Expect

Feb, 7th 2017

The Trump administration showed it was not afraid to tick off Realtors associations when, within hours of the inauguration, it indefinitely suspended a planned cut in the annual mortgage insurance premium on Federal Housing Administration loans.

Trump and House Republicans have both issued plans that, they say, would chop corporate and individual income tax rates and simplify the tax code. Both would reduce the number of individual tax brackets to three — 12, 25 and 33 percent. Today there are seven, ranging from 10 to 39.6 percent. The problem is...

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