Early Saturday morning, the U.S. Senate, by a vote of 51-49, passed legislation that would change the face of homeownership in this country for decades to come. The House passed its own version of tax reform Nov. 16.
A last-minute change to the Senate version would make up to $10,000 in property taxes deductible for the small number of homeowners who would still be itemizing. Previously, the Senate version had eliminated the property tax deduction entirely. The change aligns with the property tax cap set in the House bill. One difference between the two bills is that the Senate version retains the deductibility of mortgage interest payments on up to $1 million of indebtedness; the House version caps indebtedness at $500,000 (again, for the small minority still itemizing).
Now, members of the Senate and the House must meet to agree on a final bill. It’s not too late to make your voice heard. Join us in telling your members of Congress that incentives for homeownership and the capital gains tax exclusion on the sale of a home MUST be protected. On Monday, Dec. 4, NAR will issue a new Call for Action. If you haven’t already signed up to receive CFAs on your phone, please text ACTION to 30644!
Never before in history has Congress worked so quickly, affecting so much of the economy and so many of our people, with so little deliberation. This is a travesty of democracy.
Giving Thanks for each Morning with Light; for Rest and Shelter of the Night; for Health and Food, for Love and Friends, for Everything Thy Goodness Sends.
Confused about GOP claims on Senate Tax Bill? Consider: — 64 million earning $1 million get 100X more than $40K-$50K earners — 19M earning < $200K get tax hike — GOP budget cuts Medicaid/Medicare by $1.8 trillion! Get involved people… the hype is not about Christmas coming, it’s how we will be able to sustain ourselves after Christmas!
LOUISIANA FIRST IN NATION TO PROVIDE FAMILIES EARLY CHILDHOOD THROUGH HIGH SCHOOL PERFORMANCE INFORMATION SYSTEM
BATON ROUGE, La. – The Louisiana Department of Education released a comprehensive online reporting system detailing how well child care centers and schools statewide are preparing students, birth through grade 12, for the next grade level and beyond. The interactive system, called the Louisiana School Finder, details the first-ever early childhood performance profiles and the annual school performance scores, among other information valuable to families. It is the first of its kind in the nation.
“It is a great step forward for our state to report on the good work going on in early childhood centers alongside their counterparts in K-12 systems,” said State Superintendent John White. “This effort supports the most fundamental purpose of the state’s rating system: to use the power of information to focus all involved on student learning. We encourage families, educators, business and community leaders, and partners to continue to engage in this new system and to inform its evolution. Our collective dialogue about education is grounded in a shared understanding of both successes of the past and challenges ahead.”
Louisiana School Finder
The early childhood performance profiles and the K-12 school performance scores are reported this year through the new Louisiana School Finder, an interactive, comprehensive online reporting system. The Louisiana School Finder, unveiled today after more than a year of public discussion and planning, provides families with:
school performance scores and early childhood performance ratings to show how well schools and centers are preparing students for the next grade-level;
basic information about schools and centers such as their address, website, hours of operation, and principal or director’s name; and
listings of course offerings, clubs, enrichment and extracurricular activities.
“The Louisiana School Finder will be a valuable tool available to parents, community members and those looking to locate information and data on success indicators on all schools,” said Sonny Savoie, President of the Louisiana PTA. “This information will enable parents to make informed choices relative to the schools that will provide their children with the greatest opportunity for a successful education.”