The new Bill has proposed 50% tax among the US Earth Purchases among the housing crisis star-news.press/wp
First in the fox: Foreign entities are being caught in US real estate, even when Americans purchase the property of their nations, Pat Harrigan, RN.C., Fox News Digital said it is presenting legislation.
Real estate reciprocity actions, 50% taxable in real estate purchases, with foreigners with governmental relations, and entities do not allow Americans to purchase goods in these countries.
All foreign nationals that buy the land should purchase files with the IRS and the Secretary of State must denounce us to foreign countries that prohibit real estate.
Texas promotes foreign lands in China, the strongest invoice against Iran, Russia “
Foreign organizations buy US real estate while Americans do not do the same thing abroad, Pat Harrigan says. This is being presented to change legislation in a preview invoice for Fox News Digital. (Nathan Posner / Anadolu via Getty Images)
“An American family are struggling to pay a home, farmhouses, also to military farms.
“My real estate reciprocity is 50% of tax taxes to protect each of the necessary outreach and land. If Americans cannot buy lands in your country, you will not be able to buy lands in our country.”
Rep. Pat Harrigan, the law of real estate reciprocity, would have 50% tax in real estate purchases, with government links, and governments do not allow Americans to buy goods. (IStock)
An amazing number of nations have direct limitations or severe restrictions that buy land within their limits. Switzerland, New Zealand, Denmark, Phillippines, Poland and Vietnam have strict rules. In places like China and Saudi Arabia, foreigners cannot buy the earth, but they can invest in real estate.
Foreign buyers have long been accused of catching expensive apartments in metropolitan areas like New York City, to park active, driving housing costs.
The bill comes on the US farm, especially about military base. (Sergio Flores / Bloomberg via Getty Images)
The invoice comes in thick legislation designed to address China’s growing Encrroachment on the US farmespecially near military bases.
China had about 350,000 hectares in 27 states last year, according to the data in the US Department of Agriculture.
Read the Harrigan bill below. Application users: Click here
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From 2022, foreign entities and individuals 43.4 million hectels had a U.S. farming land, almost 2% of all lands in the US
From 2021 onwards, Canada was the largest foreign headline on the U.S. Earth. 12.8 million acres, the property of the Earth of Canada was greater than the new Hampshire and the Combined States of Vermont.
2025-05-22 14:30:00
