President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- The Tax Policy Blog
- Tough Times for Housing Lobbyists
Tough Times for Housing Lobbyists
The National Association of Home Builders (NAHB) announced this week that they are cutting their budget by $11.5 million, primarily by firing 28 employees and eliminating 24 vacant positions:
Projected income from NAHB’s two principal sources -- membership and trade shows – will be down significantly in 2009. To balance NAHB’s operating budget, we will be eliminating 52 positions of which half are currently vacant. The layoffs will take effect immediately. In addition, we will also be sharply reducing expenditures previously approved for 2009.
I'm not sure what the NAHB budget is for 2008 or 2009 (the press release does not say and I couldn't find any news coverage that indicated so), but NAHB's 2003 budget was $73 million. NAHB has pushed for myriad tax exemptions, deductions, and credits for its products that clutter up the code and distort the market, even before their recent push for a $200 billion piece of the upcoming stimulus package. Getting $200+ billion for spending less than $100 million on lobbying is still a huge rate of return for NAHB (at our expense).
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.