Camp tax plan hits homeowners, real estate industry hard
In an effort to simplify the nation’s unwieldy tax code, Rep. Dave Camp, R-Mich., is socking it to homeowners. His proposal as chairman of the House Ways & Means Committee, The Tax Reform Act of 2014, hits first-time home buyers, jumbo mortgage seekers, homeowners who have ratcheted up big gains in their primary residence and even homeowners who are aiming to green their homes by making them more energy efficient.
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