February 9, 2017
Thursday’s Advocacy & Think Tank Roundup
- President Trump is working hard to ensure that big businesses in America receive financial breaks; however, he is not considering the impact of his decisions on all other industries. Currently, corporations pay a 35% tax rate. President Trump would like to reduce this rate to as low as 15%. If successful in the reduction, this could lead to Fannie Mae and Freddie Mac needing support similar to their needs in the financial crisis of the early 2000s.
- New residential development is not exciting to homeowners and renters in metro areas. Homeowners and renters alike are displeased because the price of housing has doubled in some of the country’s most populated areas. Michael Hankinson Meyer explains the effects and outcomes of residential development since the 1970s in a report.