The Patriot Post® · Monday Opinion

Best of Right Opinion

• George Will: Repeal and Replace the Tax Code
• Peggy Noonan: Finding Relief on the Streets and at the Office
• Burt Prelutsky: Communism vs. Fascism
• Tony Perkins: A Taxing Week for Republicans
• Kathryn Jean Lopez: Hope on Display in Texas

For more of today’s columns, visit Right Opinion.

Opinion in Brief

Alex Brill: “The prospect of major tax reform that broadens the tax base and lowers tax rates has the residential housing industry in panic mode. The National Association of Realtors recently called the House tax bill ‘an outright assault on homeownership in America.’ Separately, a study commissioned by the Realtors warns that comprehensive tax reform would result in an average drop in home values of 10%. But the reality is that the housing market will be fine if the House Republican tax plan is enacted. Yes, the number of taxpayers who choose to itemize their deductions would decline as a result of the House GOP tax plan, which nearly doubles the standard deduction and repeals or limits other itemized deductions. But to jump from that to warnings of a precipitous housing market decline demonstrates a lack of understanding of the effect of existing tax policy on the housing sector. … Realtors, homebuilders, and homeowners should relax. Tax reform may actually be a boon for housing.” (Read more.)