The National Association of Realtors (NAR) wrote to the chairmen of the House and Senate conference committee working on the tax cut proposal, shortly before the two sides said they came to agreement on a bill to prepare for a vote next week.
Among the areas which NAR pointed out to lawmakers was the capital gains exclusion for the sale of a principal residence. By changing current law, NAR said the country could see a $7 billion drop in annual GDP.
Read on for more areas of concern from the Realtors.
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