15
Mar
2023
Major Tax Increases Proposed in Biden’s 2024 Budget
Posted On March 15, 2023  By Aquiles Suarez  And has 2 Comments

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.

Read More

18
Jan
2023
Return to the Hill: CL&LR 2023
Posted On January 18, 2023  By Aquiles Suarez  And has No Comment

In less than two weeks, NAIOP members and chapter local executives will be headed to Capitol Hill to meet with their elected representatives, senators and congressional staff. In so doing, they will be taking the opportunity to establish relationships with newly elected members of Congress; renew and deepen existing ties with incumbents; and talk to their elected officials about issues important to the commercial real estate industry.

Read More

05
Oct
2022
Congress Recesses for the Midterms
Posted On October 5, 2022  By Aquiles Suarez  And has No Comment

Members of Congress, both the House and Senate, finally got the chance to do what they have been desperate to do for weeks: get out of Washington, D.C., and campaign full time for re-election. With the only must-pass legislation in September being a continuing resolution (CR) […]

Read More

04
Aug
2021
Biden’s Dilemma: Placating the Progressives
Posted On August 4, 2021  By Aquiles Suarez  And has 10 Comments

Increasing tension with the progressive wing of his own party is causing headaches for President Joe Biden and his staff, complicating efforts to get portions of his domestic agenda through Congress. Of late, dissatisfaction with the Senate’s bipartisan infrastructure legislation among many Democrats in the House […]

Read More

02
Dec
2020
Despite Legislative Stalemate, Tax Regulators Press On
Posted On December 2, 2020  By Alex Ford  And has 1 Comment

Given the litany of headline-grabbing events that have taken place in 2020 – from the spread of a global pandemic and civil unrest, to the impeachment of President Donald Trump and a contentious election cycle – it’s no surprise that tax policy has taken somewhat of […]

Read More

03
Jan
2018
CRE Priorities Fared Better than Expected Under Tax Reform
Posted On January 3, 2018  By Rich Tucker  And has No Comment

As 2018 gets underway, commercial real estate professionals are looking ahead to the next project or the next deal. But before we close the books on 2017, it’s worth a quick look back at the year’s major political story: tax reform. On Dec. 22, 2017, President […]

Read More

17
Feb
2016
Obama’s Final Budget: A Scary Deal for Commercial Real Estate
Posted On February 17, 2016  By Aquiles Suarez  And has 8 Comments

Last week, President Obama submitted his FY 2017 federal budget proposals to Congress – the final such submission of his presidency. No matter where one might fall on the political spectrum, from an objective viewpoint the impact upon commercial real estate industry of some of the […]

Read More

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, […]

Read More