As we go into the final weekend of 2012, Congress continues to wrestle with what to do about the fiscal cliff, the hundreds of billions of dollars in automatic tax increases and federal spending cuts that take effect at the end of the year unless Congress acts to avert it.
NAR is monitoring the situation closely. To help explain the real estate interests at stake, NAR Chief Economist Lawrence Yun and NAR Director of Tax Policy Linda Goold sat down today for a short discussion on the issues.
With Congress and the White House expected to negotiate through the weekend, NAR will be sending out another update on the fiscal cliff situation next week.
Click the link below to access a 6-minute video of their conversation and a short post summarizing their remarks.
http://speakingofrealestate.blogs.realtor.org/2012/12/28/update-on-fiscal-cliff-whats-at-stake-for-real-estate/
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