The Senate will vote as soon as later today on tax reform legislation that puts federal investments in affordable housing at risk of deep cuts – in future discretionary spending and through possible automatic spending reductions to critical programs like the national Housing Trust Fund, rental assistance, Capital Magnet Fund, and Community Development Financial Institutions Fund, among many others.
Call your senators as soon as possible and tell them to vote NO on the disastrous GOP tax reform bill. It is especially important that the following senators are contacted: Susan Collins (R-ME), James Lankford (R-OK), Bob Corker (R-TN), Jeff Flake (R-AZ), John McCain (R-AZ), Lisa Murkowski (R-AK), Ron Johnson (R-WI), and Dean Heller (R-NV).
These and other senators need to hear from you immediately!
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BACKGROUND
The Senate and House tax reform bills provide massive tax cuts for billionaires and corporations at the expense of low and middle income people. Moreover, the nonpartisan Congressional Budget Office found that the tax bill’s $1.4 trillion price tag may trigger automatic spending reductions to critical programs like the national Housing Trust Fund, rental assistance, Capital Magnet Fund, and Community Development Financial Institutions Fund, among many others. By greatly increasing the debt, the tax bill also puts federal discretionary housing investments – as well as other vital programs that help the lowest income families meet their basic needs – at risk of significant funding cuts in future years.
It is critical that your senators hear from you about the impact of the tax bill in your community. If approved, the Senate version could be voted on in the House as soon as Friday and be sent to the president's desk for his signature.
For more information about the Senate tax plan, read NLIHC’s analysis.
For more information on the tax bill’s automatic spending cuts, read the New York Times.
HOW YOU CAN TAKE ACTION
Please call your senators as soon as possible and urge them to vote NO on this irresponsible and unacceptable tax bill.