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" In one of the first official acts of his presidency, Donald Trump has increased taxes on a million middle-class homebuyers.
The Department of Housing and Urban Development on Friday reversed a scheduled 0.25 percent cut in mortgage insurance premiums issued by the Federal Housing Administration (FHA). For a mortgage worth $200,000, this adds $500 to a homebuyer’s annual costs.
These insurance fees are effectively a tax on middle-class homeownership. By reversing the cut, which was scheduled to go into effect on January 27, one week from today, Trump will be taking more money from FHA homebuyers to keep in government coffers. "
https://theintercept.com/2017/01/20/on-his-first-day-in-office-trump-raises-taxes-on-middle-class-homebuyers/
The Department of Housing and Urban Development on Friday reversed a scheduled 0.25 percent cut in mortgage insurance premiums issued by the Federal Housing Administration (FHA). For a mortgage worth $200,000, this adds $500 to a homebuyer’s annual costs.
These insurance fees are effectively a tax on middle-class homeownership. By reversing the cut, which was scheduled to go into effect on January 27, one week from today, Trump will be taking more money from FHA homebuyers to keep in government coffers. "
https://theintercept.com/2017/01/20/on-his-first-day-in-office-trump-raises-taxes-on-middle-class-homebuyers/