In addition to important health and tax provisions, the Inflation Reduction Act is the single-largest investment to support the fight against climate change in U.S. history. Through a workaround called budget reconciliation, Senate Democrats passed this legislation with a simple 51-50 majority, and the House of Representatives passed the measure with Democrat support on a … Continued
House Ways and Means Committee Chairman Dave Camp (R-MI) took the first step toward comprehensive tax reform yesterday and introduced a proposal that would have a mixed impact on communities’ efforts to grow in smart, economically efficient ways. Geoff Anderson, President and CEO of Smart Growth America, and Chris Leinberger, President of LOCUS, issued this joint statement in response:
“Above all, we’re glad Congress is finally tackling comprehensive tax reform. Hundreds of billions are currently spent through the tax code on housing and community development and much of this could be spent better than it is today. For anyone who wants to see these incentives achieve their maximum effect—helping Americans access good affordable housing choices in safe, stable, thriving communities, tax reform is a must.