15
Mar
2023
Major Tax Increases Proposed in Biden’s 2024 Budget
Posted On March 15, 2023  By Aquiles Suarez  And has No Comment

President Joe Biden submitted his proposed fiscal year 2024 federal budget to Congress on March 9. It contains numerous tax increases that repeatedly failed to clear the House of Representatives and Senate even when these chambers were controlled by Democrats. But the president’s budget submission makes sense if you acknowledge that its primary purpose is as a political messaging document, meant to provide a contrast between his administration and Republicans in advance of the 2024 presidential election.

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03
Aug
2022
Reconciliation Redux and Carried Interest
Posted On August 3, 2022  By Aquiles Suarez  And has No Comment

redux: Latin, (from the verb reducere, meaning “to lead back”) can mean “brought back” or “bringing back.” A few weeks ago, Democratic hopes for a big bill that would enact President Joe Biden’s climate change agenda, among other things, seemed all but dead. West Virginia Senator Joe Manchin […]

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01
Jun
2022
Memorial Day Signals Final Legislative Push for Congress
Posted On June 1, 2022  By Aquiles Suarez  And has No Comment

For many, the Memorial Day weekend is the unofficial start of summer. For those elected officials in the U.S. House of Representatives and Senate, the return to the nation’s capital from the Memorial Day congressional recess is the bell signaling the final lap in the race […]

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22
Jul
2015
Economic Study Shows Importance of Section 1031 Like-Kind Exchanges
Posted On July 22, 2015  By Aquiles Suarez  And has 2 Comments

Introduced in the 1920s, Section 1031 like-kind exchanges (named after IRS code section 1031) allow sellers of real estate properties to defer capital gains taxes if they invest the proceeds in other investment property. Like-kind exchanges are an important part of modern commercial real estate markets, […]

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