Click here to close now.




















Welcome!

News Feed Item

Homeownership Won't Be Casualty of Political Gridlock Strategists Tell Realtors(R)

WASHINGTON, DC -- (Marketwired) -- 05/13/14 -- Homeownership is expected to retain its political luster through the 2014 election cycle, even as lawmakers struggle to reach consensus on major policy issues like immigration and healthcare, said two top political strategists at today's Federal Legislative and Political Forum during the Realtor® Party Convention & Trade Expo.

Steve Schmidt, who served as a communications strategist for the presidential campaigns of John McCain and George W. Bush, joined David Plouffe, a former senior advisor to President Barack Obama, to offer predictions for the upcoming midterm elections and the impact they will have on Congress' ability to pass meaningful housing legislation this year.

"Over the next six years, neither party will have majorities in the U.S. Senate or House. We're looking at six to eight Senate races that will be decided within four points or so," said Plouffe. "Senators are frustrated; they're serving in an institution that's less popular than the Ebola virus. At some point, they are going to have to come to the middle and cooperate because that's what the electorate wants."

Plouffe and Schmidt discussed the chances of Congress taking up tax reform or considering changes to the mortgage interest deduction this year. Both agreed that while a tax package will likely be discussed in 2015, it's doubtful that it will include language to eliminate the mortgage interest deduction.

According to Schmidt, the debate over the mortgage interest deduction will focus around who can benefit from it. "The issue with the deduction is going to be the amount -- there's going to be a lot of debate about whether people with million dollar homes should get the deduction. Realtors® need to clearly stake out their position now and be firm on it," he said.

As the nation's leading advocate for housing and homeownership, Realtors® firmly believe that preserving the mortgage interest deduction is vital to the stability of the American housing market and economy. NAR will remain vigilant in opposing any plan that modifies or excludes the deductibility of mortgage interest.

Both strategists offered advice to the thousands of Realtors® who will be on Capitol Hill this week to advocate for key real estate priorities.

"The more personal, local, and shareable a message is the more effective it will be," said Plouffe. "When you localize something, when it's about neighbors and family-owned businesses, people pay attention. And remember, Realtors® are a lot more popular than politicians, people will listen to you."

"Walk softly and carry a big stick," added Schmidt. "You represent a bipartisan cross section of America, which is very compelling and shows the power of your industry. You have the ability to assemble a diverse coalition of individuals who are vehemently supportive of four or five priorities."

In meetings with U.S. Senators and congressional staff, Realtors® will promote the value of homeownership and urge lawmakers to advance legislation that strengthens the housing market, protects commercial investment, and bolsters the economic recovery.

"No one amplifies the voice of real estate better than Realtors®," said NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio. "We are on the front lines of issues affecting the housing market and we see the consequences and benefits of the laws that influence it."

Realtors® will advocate key issues during their Hill meetings, including the importance of the Federal Housing Administration's loan programs, which helped 500,000 families buy their first home in 2013, and the need to reinstate mortgage debt cancellation relief, which expired at the end of 2013. This crucial tax provision protected underwater homeowners from paying taxes on mortgage debts forgiven by a lender.

For recaps of forums and the latest news from the conference, visit NAR's Realtor® Party Live website pages, http://live.blogs.realtor.org/, and on Twitter, https://twitter.com/RPCTE.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.

For further information contact:
Jenny Werwa
202-383-1193
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...