The infrastructure plan surfaced the same day as Trump unveiled the administration's annual budget request, which seeks to remedy the deficit embodied
in the tax law enacted in December through a decade's worth of spending cuts amounting to $ 3.6 trillion.
Not exact matches
The lower
tax rate
in Q1 2018 was primarily due to the reduced federal rate under the new
tax law enacted in Q4 2017 and additional discrete
tax benefits from stock compensation
in Q1 2018.
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any changes therein, including fluctuations
in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental
laws, such as U.S. export control
laws and U.S. and foreign anti-bribery
laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental
laws and agency regulations, both
in the U.S. and abroad; 20) the effect of changes
in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was
enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction
in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign
laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any changes therein, including financial market conditions, fluctuations
in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes
in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of changes
in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates
in the near term and beyond; (16) the effect of changes
in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform
enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other
laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Keep
in mind that the reported profit figure will be different because management's earnings projection came before the recent
tax law changes were
enacted.
They suggested three ways
in which RFRA might conceivably be interpreted (misinterpreted, really) to create bad consequences: (1) to give a church's opponents legal «standing» (a technical term meaning the right to sue) to challenge the church's
tax - exempt status; (2) to allow taxpayers to claim their free exercise rights would be violated if a religiously affiliated organization receives government assistance under a secular program; and, most importantly, (3) to allow pro-abortion plaintiffs to claim a free exercise right to abortion if Roe v. Wade is overruled and states
enact anti-abortion
laws.
The final version of the
tax - cap
law,
enacted in tandem with a rent - control extender, said the levy limit «shall remain
in full force and effect at a minimum until and including June 15, 2016, and shall remain
in effect thereafter only so long as» the rent
laws continue beyond their own expiration, next set for June 2015.
They include looking at how luxury real estate developers got a
tax break secretly buried
in a
law passed last January, and they refer to e-mails from a trade association that sponsored a fundraiser for Assembly Democrats that specifically said contributions of $ 10,000 per attendee were necessary to get favorable
laws enacted and stop «terrible» ones from happening.
The recently
enacted federal
tax law will raise many New Yorkers» federal
taxes by sharply capping a deduction for state and local
taxes that was especially popular
in high -
tax states.
«The property
tax cap
enacted in 2011, with support from the LIA and the statewide business community, is working,» wrote Kevin
Law, the Long Island Association's president and member of the state's casino siting board,
in a letter to the state's top elected officials on June 18.
The rest of the state's localities are subject to a 2 percent cap on the growth of their property
taxes, which they can override at the local government level, under a
law enacted during Gov. Andrew Cuomo's first year
in office
in 2011.
This local
law,
enacted for either one - or two - year terms by the Erie County Legislature, dedicated a portion of Erie County's real property
tax for Library purposes and guaranteed that funds appropriated by the Legislature could not be re-appropriated to cover mid-year shortfalls elsewhere
in the Erie County budget.
Among those investigations are how luxury real estate developers got a
tax break secretly buried
in a
law passed last January, and they refer to e-mails from a trade association that sponsored a fundraiser for Assembly Democrats that specifically said contributions of $ 10,000 per attendee were necessary to get favorable
laws enacted and stop terrible ones from happening.
The governor's announcement comes as New York State faces new financial complications from the Republican
tax reform
law enacted in December.
Three of New York City's biggest developers have been slapped with subpoenas from a state corruption panel investigating huge
tax breaks that they received
in a
law enacted just this year, the Wall Street Journal reported.
It's a good bet, though, that the issue would be tied up
in court if a
law requiring sites like Amazon to collect sales
tax were
enacted, with a challenge centering on whether federal
laws regarding interstate commerce would supersede the state measure.
Nearly 200,000 students use
tax - credit scholarships
in 11 states, and three other states have recently
enacted but not yet implemented scholarship
tax credit (STC)
laws.
In May 2014, a study by Andrew Catt of the Friedman Foundation found that scholarship
tax - credit
laws generally imposed very few additional regulations on schools when first
enacted and over time.
As of this morning, March 8th, Amazon has announced that they are closing Amazon Affiliate accounts for Colorado residents
in reaction to a new state sales
tax law enacted on February 24, 2010.
But now that most of the states are now requiring full compliance with their own
tax laws, a recent report has shown a drop
in sales
in states where the
tax was
enacted.
In the earlier example, the two $ 20,000 taxable gifts made in 2017 would reduce your estate tax exemption by $ 12,000 to $ 5,478,000 ($ 5,490,000 - $ 12,000), based on the recently enacted changes in estate la
In the earlier example, the two $ 20,000 taxable gifts made
in 2017 would reduce your estate tax exemption by $ 12,000 to $ 5,478,000 ($ 5,490,000 - $ 12,000), based on the recently enacted changes in estate la
in 2017 would reduce your estate
tax exemption by $ 12,000 to $ 5,478,000 ($ 5,490,000 - $ 12,000), based on the recently
enacted changes
in estate la
in estate
law.
As it happens, if no new
law is
enacted, the exemption will drop from $ 5 million to just $ 1 million
in 2013, and the maximum
tax rate will be 55 %.
There are certain
tax planning opportunities which individuals must be aware of, which were offered by both the Health Care Act and Tax Relief Act which were enacted into law in 20
tax planning opportunities which individuals must be aware of, which were offered by both the Health Care Act and
Tax Relief Act which were enacted into law in 20
Tax Relief Act which were
enacted into
law in 2010.
The cost of the
tax laws enacted during George W. Bush's administration is equal to roughly 2 percent of gross domestic product (GDP)
in 2010, the year the provisions were fully phased
in.
We see little equity or sense
in enacting a
law that only ends up penalizing through a licensing
tax the very people whose behavior is already exemplary.
· significant discrete
tax - related items, including amounts related to changes in tax laws (including the Tax Cuts and Jobs Act enacted in December 2017), amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
tax - related items, including amounts related to changes
in tax laws (including the Tax Cuts and Jobs Act enacted in December 2017), amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
tax laws (including the
Tax Cuts and Jobs Act enacted in December 2017), amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
Tax Cuts and Jobs Act
enacted in December 2017), amounts related to the potential or final resolution of
tax positions, and other unusual or unique tax - related items and activiti
tax positions, and other unusual or unique
tax - related items and activiti
tax - related items and activities.
** GAAP EPS includes incremental expense ($ 1.03 for the fourth quarter and $ 1.04 for the full year 2017) due to the impact of significant discrete
tax - related items, including amounts related to changes in tax laws (including a reasonable estimate of the impact of the Tax Cuts and Jobs Act enacted in December 2017, as provided for in accordance with Securities and Exchange Commission guidance), and amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
tax - related items, including amounts related to changes
in tax laws (including a reasonable estimate of the impact of the Tax Cuts and Jobs Act enacted in December 2017, as provided for in accordance with Securities and Exchange Commission guidance), and amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
tax laws (including a reasonable estimate of the impact of the
Tax Cuts and Jobs Act enacted in December 2017, as provided for in accordance with Securities and Exchange Commission guidance), and amounts related to the potential or final resolution of tax positions, and other unusual or unique tax - related items and activiti
Tax Cuts and Jobs Act
enacted in December 2017, as provided for
in accordance with Securities and Exchange Commission guidance), and amounts related to the potential or final resolution of
tax positions, and other unusual or unique tax - related items and activiti
tax positions, and other unusual or unique
tax - related items and activiti
tax - related items and activities.
The most one could say is that these sorts of groups have opposed specific legislation, such as carbon
taxes or drilling bans, that Brulle wants politicians to
enact into
law.50 This opposition may explain a lot about Brulle's motivations, and it definitely shows that he's more interested
in political victories than science, but it says nothing about how Americans form their views of the science of Global Warming.
Major Victory: On October 3, Congress
enacted and the President has signed into
law a measure that includes up to $ 7,500
in tax incentives for passenger plug -
in cars (more for larger vehicles).
The reason that a
tax «hook» was put
in firearms acts originally is that it was unclear at the time the
law was
enacted how far the interstate commerce power extended.
Enacted in 2010 by a Democrat - controlled Congress and signed into
law by Barack Obama, FATCA is virtually unknown to most Americans but has been wreaking havoc with the global financial system outside the US Touted as a weapon against «fat cat»
tax evaders stashing funds offshore, FATCA is instead an indiscriminate information dragnet requiring all non-US financial institutions (banks, credit unions, insurance companies, investment and pension funds, etc.)
in every country
in the world to report data on all specified US accounts to the IRS.
EXAMPLES: Examples of category (1) include a currently effective statute imposing a
tax on real property,
enacted in accordance with the applicable rules establishing the criteria of validity of such statutes; the holding, that is currently good
law,
in a court opinion respecting the aforementioned statute, rendered
in accordance with all applicable procedures by a court having jurisdiction; and a regulation, formerly effective, furnishing detailed rules respecting the application of the aforementioned statute, which regulation was effected by a government agency acting within the scope of its authority and
in accordance with the applicable rules establishing the criteria of validity of such regulations.
With a new Criminal Finances Bill set to be
enacted in 2017 to prevent the facilitation of
tax evasion, and news
laws likely
in 2018 to require procedures to prevent wider economic crime, this shows no signs of abating.
Enacted by Congress
in 1945, this
law grants authority to the states to
tax and regulate the business of insurance (see regulation).
The Income
Tax Act was enacted in the year in 1961 to consolidate and amend the law relating to t
Tax Act was
enacted in the year
in 1961 to consolidate and amend the
law relating to
taxtax.
Ever since health care reform was
enacted into
law more than two years ago, rumors have been circulating on the Internet and
in e-mails that the
law contains a 3.8 percent
tax on real estate.
Although they don't have hard data to prove it, practitioners say seniors are increasingly moving downward and loving it, thanks to federal
tax law changes
enacted in 1997.
A state
law enacted in April redefining certain forestland as agricultural land, with its lower property
tax rates, could result
in property
tax hikes
in residential areas, says Michael Theo, vice president of public affairs at the Wisconsin REALTORS ® Association.