Real Estate, Bank Lobbies Get Tax Victory From White House Review

Bloomberg Tax, Mar. 21, 2019
The real estate and banking lobbies asked, the White House’s regulatory review office listened-and then the administration helped those industries become eligible for a $414.5 billion perk in the 2017 tax law. Pete Mills, the Mortgage Bankers Association’s senior vice president of residential policy, said in an emailed statement that the group was “pleased that the final rule reflected changes in the definition of ‘dealing in securities’ that were consistent with the recommendations in our formal comments.”