💨 Abstract

The One Big Beautiful Bill Act, recently passed by the U.S. House, aims to make permanent the 2017 tax cuts and includes provisions affecting the housing market. Wealthy homeowners may benefit from increased property tax deductions, but energy-efficient credits could be eliminated. The bill might spur housing developments and affordable housing through opportunity zones and bonding changes, but critics worry about increased national debt and potential long-term affordability issues for lower- and middle-income families.

Courtesy: WTOP Staff