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NAR Ready For Anything With "Blank Slate" Announcement
On June 27th , Senators Max Baucus and Orrin Hatch of the Senate Finance Committee announced their intention to overhaul the tax code in the senate by starting from square one and looking at ALL exemptions, deductions, credits, etc.
As Realtors®, we recognize portions of the tax code that make home ownership possible in this country such as the mortgage interest deduction, capital gains exemptions on principal residences and energy efficiency tax credits. Here is where the Realtor® Party will really show its muscles, if needs be, as this will be a closely monitored issue. For more information from NAR, click on the link below.
http://www.ksefocus.com/billdatabase/clientfiles/172/4/1815.pdf
 Nebraska RPAC
Contributions are not deductible for income tax purposes. Contributions to RPAC are voluntary and are used for political purposes. Corporate contributions and contributions from foreign nationals are prohibited. You may contribute more or less than the suggested amount. You may refuse to contribute without reprisal. 70% of each contribution is used by your state PAC to support state and local political candidates. Until your state PAC reaches its RPAC goal 30% is sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a; after the state PAC reaches its RPAC goal it may elect to retain your entire contribution for use in supporting state and local candidates.
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