Free Republic

When members of the real estate industry first hear of the specter of a national sales tax plan to replace the current income tax system, their initial reaction is often mixed. On one hand, they are excited about the prospects of no income tax on sales commissions. But they also wonder about the consequences of the home mortgage interest deduction (MID), the taxation of tax real estate, and the impact on real estate prices and sales. Fortunately, many economists and industry leaders believe that the sales tax plan is a win-win for members of the industry, actually making homeownership more...

For Immediate Release September 4, 2004 President's Radio Address Cedar Rapids, Iowa      Audio THE PRESIDENT: Good morning. America is the home to the most dedicated, innovative, and decent workers in the world. And thanks to their effort and enterprise, America's economy is strong and growing stronger. This past week we learned that we added 144,000 new jobs in August, and nearly 60,000 more jobs in June and July than previously estimated. Overall, we've added about 1.7 million new jobs since last August. And the unemployment rate has fallen to 5.4 percent, nearly a full point below the peak last...