GOP tax bill could hurt the jumbo mortgage market


IT'S TRUE MUCH

WHILE THE HISTORIC TAX OR FROM MEASURE PLANS TO BENEFIT WORKING FAMILIES AND BOOST JOB GROWTH BIG LOANS FROM BIG HOMES JUMBO MORTGAGES THEY ARE CALLED COULD BE HER UNDER THE NEW TAX BILL THEY ARE FINDING THEIR GETTING THE SHORT END OF THE STICK THEY DO BUSINESS AND THEY ARE TWO BUSINESSES THAT ARE CAN HAVE I CAN HAVE A HUGE FOURTH-QUARTER HIT DO COMPANIES HAVE A CASE AGAINST THE TAX REFORM PLAN

GOOD TO SEE YOU GLAD TO BE HERE LET ME START WITH THAT LETTER REFORM COULD SHOULD THEY BE CONCERNED AND THE GLOBAL GROWTH IS ACTUALLY GOING TO SLOW BECAUSE OF WHAT WE ARE DOING IN THIS COUNTRY

AS WITH MANY THINGS WE CAN IMPLICATIONS ARE GOING TO PLAY OUT AS THE SLOT JUST WENT INTO EFFECT THE RAMIFICATIONS OF IT ARE GOING TO BE TRICKLE OUT AND WE WILL SEE SOME OF THE MANEUVERS THAT COMPANIES MAKE AND CORPORATIONS MAKE OTHERS ARE MAKING HEADWAY AS TO HOW THEY ARE GOING TO HANDLE THE NEW CORPORATE TAX RATE THAT WILL BE DROPPING THERE WILL BE SOME CASH FLOW

PLAYS OUT MAYBE IN THE LONGER TERM THIS WOULD BE GOOD FOR US IN THE OPERATIONS THAT IS A HIT FOR THE EARNINGS OBVIOUSLY EVERYONE IS TRYING TO FIGURE WHAT IT MEANS FOR THEM IT'S A LOT TO GO THROUGH

REALLY BE LOOKING AT INCARNATE — INCLUDING THE EARNED INCOME TAX 6,318 THAT IS ONE OF THE THINGS THAT LET'S TALK ABOUT SOME OF THESE THINGS THERE ARE CERTAINLY SOME THINGS AS EVERY YEAR WE GET TO 2017 TAX BILL A LOT OF THE THINGS THAT YOU CAN DO ONE OF THE THINGS THAT THEY ESTIMATE IS

THEY ESTIMATE IS IT PUTS A LOT OF MONEY IN THE AS A NEWBURY DRIVER FOR INSTANCE SOME OF THE THINGS TO PAY ATTENTION TO THOSE ARE SCHEDULED TO GO AWAY UNDER THE NEW TAX PROVISION YOU WANT TO MAKE SURE THAT YOU INCLUDE ALL OF THOSE THIS YEAR I THINK IT'S GOOD ADVICE TO GO THROUGH THOSE THINGS NOW WE'VE TALKED ABOUT IT ON THE BUSINESS NETWORK

NOW IS A TIME BEFORE THE END OF THE YEAR I WANT TO ASK ABOUT WHAT THE BILL COULD DO TO CHARITIES CHARITIES WILL BE DEVASTATED BECAUSE OF THE GOP TAX REFORM BILL THOSE THAT ARE WEALTHIER ARE CAN HAVE THE INCENTIVE TO THAT PLAYS OUT THE ITEMIZED DEDUCTION WILL BE RISING

IT'S ONLY 30% OF TAXPAYERS THEY ALREADY TOOK THE STANDARD DEDUCTION DEDUCTION THAT IS THE IMPACT THAT WE ARE LOOKING AT DO YOU THINK OF THE THE BUSINESS WILL BE HEARD UNDER THAT YOU CAN DEDUCT THE MORTGAGE INTEREST FOR UP TO A MILLION DOLLARS

ALL OF THEM WOULD BE A LOT OF BANKS HAVE BEEN

Source: Youtube


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AJ

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