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Currently, intelligence community civilians are subject to certain tax penalties for job-related relocation requirements, but active-duty military servicemembers are not subjected to the same penalties. These tax benefits, including the ability to deduct moving...
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Foreign investment is one of the legal means that adversaries, like China, can use to collect Americans’ data, exasperating both privacy and national security risks. To counter this, U.S. Senators Marco Rubio (R-FL) and Raphael Warnock (D-GA) reintroduced the...
U.S. Senator Marco Rubio (R-FL) joined Special Report with Bret Baier to discuss the impending government shutdown, the possibility of a Saudi-Israeli normalization deal, and the indictment of Senator Bob Menendez (D-NJ). See below for highlights and watch the full...
Washington, D.C. — U.S. Senator Marco Rubio (R-FL) introduced the Home Advantage for American Families Act, which seeks to reduce foreign investment in the urban real estate market, much of which is connected to illicit activity, and instead increase investment in affordable housing. This bill stems from an increase in areas that are quickly becoming too expensive to live and the need to restore equilibrium in housing markets for local residents to own a home and raise families. A one-pager of the bill is available here.
“As billions of dollars pour into South Florida real estate, much of it is connected to foreign illicit activity, causing families in our communities to face an ever increasing challenge of finding affordable housing,” Rubio said. “To have a strong nation, we need strong communities, and to have strong communities we must have strong families. Combating illicit finance in foreign real estate investment and increasing affordable housing investment in South Florida are key to tackling this problem confronting so many Floridians, and this bill would do exactly that.”
Specifically, the Home Advantage for American Families Act:
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