What’s at Stake for CRE in the 2020 Presidential Election?


What’s at Stake for CRE in the 2020 Presidential Election?


President Donald Trump has made few new campaign promises, but the differences between him and Joe Biden are clear on key commercial real estate issues.

Rosen, chairman of Rosen Consulting Group and Fisher Center for Real Estate and Urban Economics at the Haas School of Business at the University of California, Berkeley, said Biden has proposed eliminating the 1031 exchange to pay for his $775 billion child care and elder care plan. Used to defer capital gains, Trump’s 2017 Tax Cuts and Jobs Act saved the tax exchange utilized for decades by real estate investors.

Biden has also proposed raising the capital gains tax rate for individuals with incomes higher than $1 million and raising the top individual tax rate from 37 percent to 39.6 percent. He has proposed taxing carried interest, used in many real estate partnerships and treated as a long-term capital gain, as ordinary income...
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RSK: Biden has stated that 1031 Exchanges may be on the block and Trump wants more investment into Opportunity Zones including moving Public Buildings and Services into those zones. Much more if you read on.

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- - Volume: 8 - WEEK: 41 Date: 10/6/2020 8:52:19 AM -