Texas Scorecard by Konner Earnest June 12, 2023
Recent discussions spearheaded by Senator JD Vance (R-Ohio) brought attention to the strain that immigration places on the U.S. housing market and the burden it places on American citizens.Amidst the ongoing property tax discussions in the first special session of the 88th Texas Legislature, a notable disregard has emerged for one of the most influential factors contributing to the surge in property taxes and housing costs: immigration. The current debates predominantly revolve around property taxes, thereby neglecting the potential impact of addressing illegal immigration in relation to the reduction of property taxes.
In order to effectively address the pressing issue of escalating property tax bills, it is imperative for Texas to confront a frequently overlooked problem: the exploitation of Individual Taxpayer Identification Number (ITIN) loans. Within the housing sector, special interests prioritize financial gain at the expense of Texans by circumventing the requirement of a social security number for loan approval. The practice of granting ITIN loans to illegal aliens not only undermines the integrity of our markets but also poses a threat to U.S. citizenship and the hard-working Texans who dutifully fulfill their mortgage obligations while bearing the burden of Texas’ exorbitant property taxes.
By turning a blind eye to the detrimental impact of ITIN loan abuse, an unfair system persists that prioritizes profit over the well-being of law-abiding Texans. The granting of ITIN loans to illegal aliens distorts the market, needlessly exacerbating housing costs therefore perpetuating an unsustainable cycle of escalating property taxes.
More:
https://texasscorecard.com/commentary/property-tax-relief-starts-with-removing-illegal-aliens-from-the-housing-market/
