On December 17, 2017 the new tax law, called the “Tax Cuts and Jobs Act” became law, despite the fact that 55% of Americans disapprove of the bill, according to a January Gallup poll. Much of the disapproval is aimed at the significant tax cuts for corporations and the very wealthy, but people are also concerned about the impact of certain provisions on homeowners.
According to California Association of Realtors President Steve White, “…this legislation attacks...