Real Estate Industry Statement Regarding Senate Finance Hearing on Infrastructure Funding
Issue Date: May 18, 2021
117th Congress
Senate Committee on Finance
On May 18 NAR signed on to a real estate organizations' statement regarding the Senate Finance Committee's hearing entitled "Funding and Financing Options to Bolster American Infrastructure." The American Jobs Plan and American Families Plan offer credible initiatives to address many of our Nation’s most pressing needs, such as a modernized infrastructure, a more comprehensive approach to climate-related matters, and increased investments in housing, education, and childcare. The signatories support aggressive steps to finance infrastructure needs, increase the supply of affordable housing, expand the economy, and promote job growth. Regrettably, some of the tax proposals accompanying the plans would reduce economic activity and opportunities and be completely counterproductive to the goals of the President’s initiatives. As this process moves forward, the members of these organizations will continue to share data, research, and recommendations with the Senate Finance Committee in order to advance sound tax policy that is fair, productive and provides equal opportunities for all Americans.