How the home ownership plan can enable young people to buy a home, jump start housing construction, and employ millions of people while reducing the deficit.
By Duane E. Fleming
We have in our hands the way to jump-start the housing and related industries, with simple changes to federal tax law. As we will see, this can be achieved at no cost to the federal government. In fact, this proposed legislation will pump up the economy and provide new tax revenues to reduce the national deficit. The housing and housing related industries drive 25% of the entire economy, according to the Harvard Joint Center for Housing Studies. Based on these numbers, jump starting the housing and housing related industries can create 10-15 million new jobs, over the next few years.
READ THE ARTICLE ON THE HOMEOWNERSHIP PLAN