The National Association of Realtors (NAR) commended the House of Representatives for passing the One Big Beautiful Bill Act advocated by President Donald Trump, stating the legislation “delivers significant wins for the real estate sector.”
In a statement posting shortly after this morning’s 215-214 House vote, NAR said its advocacy team “successfully secured its top five tax priorities in the bill.” Those priorities included permanently raising the Qualified Business Income Deduction from 20% to 23%; quadrupling the SALT deduction cap from $10,000 to $40,000 for households earning under $500,000; lowering the current individual tax rates; preserving and making permanent the Mortgage Interest Deduction; and protecting Section 1031 like-kind exchanges while maintaining no changes for most businesses deducting state and local taxes.
NAR also noted the bill includes provisions that it supports, including enhancements to the Low-Income Housing Tax Credit, renewed Opportunity Zone incentives, and the creation of tax-advantaged child investment accounts that can be used for qualified expenses of the beneficiary such as first-time home purchases.
“We appreciate House leaders for taking this important step with a bill that supports hardworking families and strengthens the real estate economy,” said Shannon McGahn, NAR executive vice president and chief advocacy officer. “With lower tax rates, SALT relief, and new incentives for small businesses and community development, this proposal brings real benefits to everyday Americans. While significant changes are possible as this bill moves to the Senate, NAR will stay closely engaged with lawmakers to ensure real estate remains a central focus. We are committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American Dream within reach for more families.”
The bill also includes an extension of the tax cuts enacted in 2017 at President Trump’s behest, an increase in funding for border security and the deportation of illegal migrants, rollbacks of green energy tax incentives, new work requirements for Medicaid recipients, and a $4 trillion increase in the debt limit. The bill passed along party lines, with only Republican support for the legislation; two Republicans, Reps. Thomas Massie of Kentucky and Warren Davidson of Ohio, voted against the bill while House Freedom Caucus Chairman Andy Harris of Maryland voted present.
And what is NAR’s position on the rollback of green energy investments that are designed to improve strengthen the environmental quality of communities nationwide?
It takes energy to make the green stuff. A compromise of both gas, nuclear, and oil, along with green makes sense, with no tax dollars to off set cost
How about a change in capital gain tax on selling your personal residence. The value has been rising for years but still no change for cap gain. That’s wrong!!!
And what about the cuts made for SNAP and Medicare and Medicaid? This is horrible.
I will ensure that NAR does not get any of my contributions this year. Increasing the debt to give tax breaks to the rich is not acceptable.
You guys must watch too much MSNBC and the View. The medicare, medicaid etc cuts will be to remove those are not legally supposed to be receiving, like illegals, ineligible, etc. We have to save it from bankruptcy! And it does not provide tax breaks for the rich, stealing from the middle class and giving to billionaires, ridiculous! Read the bill, it has a lot of good things in it!
thanks for a dose of truth related to the lies propagated by Dems regarding tax breaks for the rich and losses to Medicaid, etc. All lies and/or gullibility by those who believe the lies.
You read this?
https://www.congress.gov/bill/119th-congress/house-bill/1/text
Really?
Unfortunately, I have.
Clutch your pennies because you’ll need them.
This “policy” document is an undoing of our Constitution.
And Tristan you watch too much FOX. Even Republicans that opposed the bill opposed it because of the Medicare, SNAP and Social Security cuts. The senate has already said it is trash because of these cuts going to be made and they are writing their own bill. When you can only get your bill passed by 1 vote and it took the Bully in Chief’s threats to do it then you know it is not a good bill. I agree between the crappy settlement NAR made last year and now applauding this administration that only cares about the rich I think my dues are not going to be paid next year. Feeding children and providing health care to the poor should be priority. This administration and all it’s boot lickers care nothing about anyone who isn’t white and rich and this comes from a white women who is doing pretty well in life.
Deb—Your response is “right on the money”—I couldn’t have stated it any better!
Deb I couldn’t have said it better.
Agree! Well said… its disgusting!
We can agree that NAR sold out the Realtor community.
HOWEVER:
Excuse me, Deb? Is that really the baloney they are spewing on MSNBS?
In REALITY, the conservatives who opposed the bill did so because the cuts were not deep enough.
This bill will preserve Medicare, Medicaid, and SNAP by eliminating the graft & grifters who are abusing them and were sure to make them go bankrupt.
Have you read the bill or are you taking the word of the so-called newscasters that have lied to us egregiously on so many other issues?
And what about cuts to Section 8 subsidies. Who do we put back onto the streets. But at least there is money for a big military parade and a billion for retrofitting a free plane that will be ready about the time the ordered Air Force one will be ready from Boeing.
YES Al—that too!
Absolutely disgusting!!! I am appalled to be associated with this organization!!! This bill is dangerous and hurts everyone but billionaires!!! Apparently some commenters have also drunk the the Trump corruption kool aid!!! I guess they will have more money to buy some Trump meme coins, bitcoin or get a ride in the new flying palace.
Perhaps they can go swimming with RFK Jr in the fecal filled river. Maybe that will cure their brain worms, too!
I will no longer claim I am a member of NAR. If there is a way to stop them from getting my dues, I would do it.
I am going to look into being a member of my local association but drop dues to NAR.
Despicable position to take. Sure there may be some good things for real estate, but our clients who buy and sell are the most important…….plus the more people put on the streets the more the tax payer burden. Why can’t we solve homelessness?????? Why is NAR unconcerned? And why can’t we feed children???? NAR is unconcerned. And what about farmers who grow products but can no longer sell them for overseas that are rotting?????? NAR is unconcerned.
If I could I would quit the Nar. They sold us out with Realtor.com sale, the latest settlement
about commissions and now this. NAR is a non profit, but executives are overpaid and will alway protect their jobs. That bill will be the downfall of you all. Not to mention killing thousands.. All so Billionaires can pay less taxes. NAR you make me sick. You suck!!!
💯💯 this!
NAR has truly lost its way. How could any organization obligated to serve and protect the public think this “big beautiful BS” is commendable??? They too must be billionaires, thus the only US citizens to be benefitting from this circus called a budget and the increase in debt of trillions!!! Or maybe NAR is just too afraid to speak the truth because Trump will send the DOJ after you again??? The reality is billionaires only need so many homes, yachts, wives/mistresses, offshore accounts, islands and toys, so after the Whitehouse has decimated the middle and lower class to the point of eliminating their health care, daycare, housing options and ability to afford groceries (a new word created by Trump recently) who does our industry serve then? Who is going to be able to afford a house? WAKE UP!!!
Frankly, it makes me happy to have Al, Stan, PJ, Joel, Gary, Rose Marie, Vera and Nita and the rest out of NAR. The bill promotes the growth of small businesses and cuts taxes for average American. The social justice crowd is attempting class warfare. The vast majority of Americans are capable of managing their own lives, and our social “net” is, in no way, threatened, but is strengthened by this bill that cuts costs for the agencies that are providing benefits by eliminating those here illegally from the rolls. Read the bill and consider that YOU are likely not any smarter than those “poor folks” you pretend to be rescuing from themselves.
TCH, if that were the case, they would have identified the cuts and the amounts prior to the budget bill. Instead, they are saying we need to cut 800 billion; and find where we can cut it. This is not about “waste, fraud, and abuse.” If it were, they would have found the necessary cuts and provided the dollar amount, not the other way around.
…Interest Rates People, Interest Rates! that’s where the Noise needs to be…Interest Rates! Bring.Them.DOWN. High Values and High Rates DON’T MIX – No Inventory (figuratively speaking) to Slow Inventory (not moving) Our Housing Market Needs a Lifeline Let’s Go! AGENTS Bang the “Bring Them% Down” Drum Now.
NAR has truly lost it’s way!! You already sold us out in court and now you approve this bill that hurts too many Americans ! How dare you???
I am surprised that so many people in real estate are still members of the NAR. They took our dues and we did not receive very much if anything in return and guess what they did with our money? Lived lavish lifestyles of the rich and not so famous. It should not be a surprise to anyone that they took a stance on this bill saying that it is a beautiful bill when it is a sh*t show of a bill. 1000ish pages and yes it ONLY benefits those who are rich. For those of you who claim that this is a good bill, you are either unintelligent, haven’t read it, or don’t give a damn since you are rich and nothing in it will personally effect you or your loved ones.
Can we quit NAR? I was told we can not without losing our MLS usage. Can someone explain? I have been unhappy since NAR made settlement.
A MENTAL ANGUISH CLASS ACTION SUIT , should be brought agains Trump Personally and anther against each U.S. Representative who voted for the advancement of the BBB. (The bill)
Then we shall see that most of these representative do not have a pot to piss in. But it will make them responsible to the American people. Mental Anguish lawsuit is something to think about. I am a real Estate Broker in Arizona and I sure did do not pay NAR dues so, that the NAR make POLITICAL DRIVEN DECLARATIONS.
Looks like most of the comments are made by dummy dems. The bill should pass with minor changes
As for the comment about interest rates. A 1% drop is all that is needed. They are all ready at historic averages