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Industry groups offer differing assessments of GOP tax framework

Realtors blast proposal, saying it weakens key deduction, homebuilders sound more positive; administration wants industry on board

Gregory, Howard and Hoplin
From left, NAR's Jamie Gregory, NAHB's Jerry Howard and FSR's Eric Hoplin

Oct. 6, 2017
By William Ehart

Association reactions to the Republican tax overhaul plan released in late September ran the gamut from seemingly wholehearted endorsement to outright opposition.

Most associations statements were in between—industries embracing the concept of tax overhaul while reserving judgment pending details yet to emerge. It was as if most wanted to sound a helpful note ahead of the inevitable fight over industry-specific tax breaks. One association executive said the White House is pressuring business groups not to oppose tax overhaul.