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The Official Blog for Commercial Real Estate

Tag: Congress

Capitol building

Bipartisan Property Conversion Incentive Legislation Introduced

  • July 17, 2024
Just prior to leaving for this week’s congressional recess, Republicans and Democrats in Congress worked together to introduce bipartisan legislation furthering one of NAIOP’s top legislative priorities. The Revitalizing Downtowns and Main Streets Act (H.R. 9002) was introduced last Thursday with 12 original cosponsors – six Republicans and six Democrats, all members of the tax-writing House Ways and Means Committee.
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Supreme Court

Supreme Court Reins in Federal Agency Power

  • July 10, 2024
The Supreme Court has certainly garnered its share of attention for several of its rulings this last term, but none is likely to have more of an impact on business, including commercial real estate, than its opinion in Loper Bright Enterprises v. Raimondo, issued on June 28.
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Capitol Hill

House Ways and Means Committee Majority Forms Tax Teams in Preparation for 2025 Tax Reform

  • June 5, 2024
Most current federal tax rates will expire at the end of 2025 and the winner of the presidential election in November will have to work with a new Congress to address a series of tax and fiscal challenges next year.
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November Election Could See a Historic Switch in House and Senate Majorities

  • April 17, 2024
With national and swing state polls indicating support between President Joe Biden and former President Donald Trump is fairly even, casual political observers could be forgiven for not realizing that House and Senate races are also tight; there could even be a historic switch in the House and Senate majorities this November. 
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Capitol building

President Joe Biden’s Opening Shot in 2025 Tax Fight

  • April 3, 2024
On March 11, President Joe Biden submitted his FY 2025 Proposed Budget to Congress. Unlike prior year budget proposals, this one is a setup for an unavoidable tax debate in 2025, when many of the tax provisions enacted during the Trump administration in the Tax Cuts and Jobs Act of 2017 will expire.
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Capitol building

An Action-packed Week in Washington

  • March 6, 2024
The quest to approve federal funding continued during another busy week in Washington, where lawmakers took up a $435 billion funding package that includes the FDA and a number of other departments. Also this week, 16 states and American Samoa held presidential primary elections, with 854 Republican and 1,420 Democratic delegates at stake.
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Capitol Hill visit

NAIOP Chapters Are Champions for CRE

  • February 21, 2024
Last week, hundreds of NAIOP members from the U.S. and Canada attended NAIOP’s Chapter Leadership and Legislative Retreat (CL&LR) in Washington, D.C., with the conference culminating in countless meetings with their elected representatives to advocate on behalf of the commercial real estate industry.
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Capitol Hill

Congress’ Full Plate and Election-year Politics Will Make 2024 a Busy Year

  • January 17, 2024
In any year with divided government, it is a challenge to achieve agreements on appropriations and tax policy, but this Congress is also faced with challenges of reaching agreements on border security, along with assistance to Israel, Taiwan and Ukraine. Margins in both the House and the Senate are narrow and the presidential election year shortens the legislative timeline before congressional re-election campaigns start in earnest.
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