NAR Testimony Before the House Ways and Means Revenue Measures committee
Issue Date: February 13, 2019
116th Congress
House Committee on Ways and Means
On February 13, 2019, Kevin Brown, presented testimony before the House Ways and Means Revenue Measures Subcommittee for the hearing entitled “How Middle Class Families are Faring in Today’s Economy.” Changes in the Tax Cuts and Jobs Act, for many current and would-be middle-class homeowners unable to claim the benefits of federal tax policies designed to reduce the cost of purchasing and owning a home, amounts to a significant barrier to homeownership. These tax changes, combined with significant challenges in the areas of affordability, lack of adequate inventory, and rising student loan debt, mean that purchasing and owning a home has become significantly more difficult for many middle-class families, and particularly those who reside in high-cost areas of the Nation.