Congress

A copy of a recent internal-draft of President Trump’s FY-18 Budget was obtained by POLITICO and several advocacy organizations.  The document, dated May 4, proposes significant cuts to the HUD Budget.  The expanded document reflects many of the priorities outlined in the “Skinny Budget” released earlier this year by the Trump Administration, though readers should […]

The House Ways and Means Committee has a hearing scheduled for Thursday, May 18, at 10am to discuss tax reform and how it could grow the economy and create jobs.

The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.

Donald Trump today has released a preliminary version of a tax plan, calling for a reduction in the corporate tax rate to 15%.

Congress has less than 10 days to pass legislation and avoid a government shutdown – a task which could prove difficult.

The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.

The “skinny” budget would cut HUD funding from $46.9 billion in FY-2017 to $40.7 billion – a 13.2 percent reduction.

The National Low Income Housing Coalition has composed a sign-on letter urging Congress to maintain funding for the National Housing Trust Fund, the only Federal Program designed to preserve and build housing for the lowest income bracket. NH&RA is proud to be a signatory on the letter and urges its members to sign on as well by the March 22 deadline. See below for a message from NLIHC:

Obtained preliminary budget documents from the Trump Administration reportedly outline a 14% cut for HUD – over $6B. Whether the obtained documents go into OMB’s final budget or not, plans for boosting defense spending by $54 billion, along with some Members of Congress proposing an even higher increase, will create budget consequences for programs like HUD.

President Trump has predicted tax reform to be in place by the end of the year, but there’s potential for it going into 2018.

The $1 trillion plan aims to create over 15 million jobs, and addresses issues including broadband internet, downtown revitalization, water and sewer, schools, roads and bridges, and also includes investments for public and affordable housing.

Treasury Secretary Nominee Steve Mnuchin was tepid towards both tax credit programs.