What Joe Biden’s infrastructure plan holds for real estate

President Joe Biden offered a series of concessions to Senate Republicans this week, the White House said, as he negotiates passage of his $1 trillion infrastructure deal — a plan that would have huge implications for the real estate industry.

In an Oval Office meeting, Biden proposed new corporate version of the alternative minimum tax, set at 15 percent, rather than raising corporate tax rates to 28 percent from 21 percent to pay for the package, the Washington Post reported. The original funding plan was rejected by Republicans, who oppose the reversal of former President Donald Trump’s 2017 tax cuts.
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RSK: Looks like it holds more for the construction industry than real estate.