NAR Letter to Treasury Secretary Yellen Re Biden FY 2024 Budget Tax Increases

Issue Date: March 23, 2023

NAR letter to the US Department Treasury expressing NAR's appreciation for the Administration’s continued efforts to steer the economy through the rocky shoals of rising interest rates, uneasiness in the banking system, and growing deficits. NAR understands the delicate balance we must find in order to preserve economic prosperity for all Americans, however, REALTORS® believe that several tax provisions in the President’s fiscal year 2024 budget could result in great damage to the real estate sector and to the economy and job creation as a whole.