Recent federal tax reforms feature a melange of changes, but on balance will give about 90 percent of people a tax cut, said Ken Wingert, senior legislative representative for the National Association of Realtors.
Republicans, who with the November 2016 election of Donald Trump gained control the presidency as well as both houses of Congress, failed to repeal the Affordable Care Act during Trump’s first year, Wingert told Northern Virginia Association of Realtors (NVAR) members at an April 4 briefing at the organization’s Merrifield headquarters.
Instead, Republicans last December passed $1.5 trillion in tax cuts with the intention of creating more jobs, simplifying the filing process (preferably so it could fit on a single postcard) and making the Internal Revenue Service more efficient and customer-friendly, Wingert said.
