Callan meets with Roskam at tax policy luncheon

U.S. Rep. Peter Roskam, left, talks with Illinois REALTOR® Pat Callan in Washington, D.C.

Illinois REALTOR® Pat Callan met with U.S. Rep. Peter Roskam in Washington, D.C. on Tuesday.

Callan, a former Illinois REALTORS® president who serves as federal political coordinator for Roskam, helped host a lunch the congressman attended at the D.C. headquarters of the National Association of REALTORS®. At the lunch, industry leaders discussed upcoming efforts to revise the nation’s tax code.

Federal political coordinators work closely with assigned congressional representatives to update them on market conditions and the impact of policy decisions on the real estate industry.

Roskam, serves as chairman of the House Ways and Means Subcommittee on Tax Policy, which will play a key role in any attempt at tax reform. He represents Illinois’ Sixth Congressional District.

REALTORS® have been especially wary of the tax code rewrite effort. Key provisions such as the Mortgage Interest Deduction and 1031 Like-Kind Exchange are seen as potentially vulnerable in the process.

Illinois REALTORS® have joined their colleagues throughout the country urging policymakers to consider the value of these provisions and others which encourage homeownership and real estate investment.

One thought on “Callan meets with Roskam at tax policy luncheon

  1. Both the Senate’s and Houses’ Tax plans will cause big problems for the Illinois housing market, Homeowners, builders and middle class tax payers. So why is Peter Roskam a Republican Congressman for the 6th Congressional District supporting it???

    Aren’t those in Congress supposed to protect the interests of their constituents? Illinois will get hurt badly by the inability to deduct state and local taxes on our federal returns. The US returns very little of Illinois Tax dollars to Illinois. That’s one reason Illinois taxes are so high. We pay high fed taxes, very little cones back to Illinois but instead goes to republican stronghold states in the south and west. Then Illinois has to tax its citizens to make up for those out of state subsidies.

    Now Illinois is being hurt even more under this plan, because we Illinoisans will no longer be able to deduct those state and local taxes on our federal return to pay a little less to Washington. This isn’t fair, it’ll hurt the Illinois economy and housing market which creates thousands of jobs.
    Roskam and the rest of the Republican delegation from Illinois need to step in and change the Bill or oppose it. I’ll

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