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.

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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.

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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) […]

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17
Aug
2022
Revenue Surpluses Provide Opportunity for Tax Relief within States
Posted On August 17, 2022  By Toby Burke  And has No Comment

The economic slowdown from the COVID-19 pandemic initially raised concerns within states that general revenue collections would be lower than anticipated and, as a result, create shortfalls in maintaining a balanced budget. Although revenue collections from certain sectors of the economy, such as hospitality and tourism, […]

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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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06
Apr
2022
NAIOP North Carolina Chapters Hold Successful State Conference
Posted On April 6, 2022  By Toby Burke  And has 1 Comment

More than 400 members from the three NAIOP chapters in North Carolina traveled to the Pinehurst Resort last week for the NAIOP North Carolina State Conference. The all-day conference included a number of sessions related to the state of the industry, along with a general session that […]

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02
Mar
2022
State Leaders Debate Budget Surpluses and Taxes
Posted On March 2, 2022  By Toby Burke  And has No Comment

Most state governments have emerged from the pandemic-induced economic slowdown with budgetary surpluses because projected revenue losses did not occur.  Losses in tax collections from certain sectors of the economy, such as restaurants, hospitality and entertainment, were offset by the collection of sales taxes from increased […]

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03
Nov
2021
Local Reliance on Property Tax Revenue
Posted On November 3, 2021  By Toby Burke  And has 4 Comments

Every local government in the United States is required to operate under a balanced budget where incoming revenues equal outgoing expenditures. The National League of Cities has referred to these local budget as “political instrument(s)” that governs public policy priorities, funds government services and programs, sets spending […]

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02
Jun
2021
White House Budget Provides Details for Biden Tax Proposals
Posted On June 2, 2021  By Aquiles Suarez  And has 55 Comments

Last week, President Joe Biden submitted his proposed fiscal year 2022 budget to Congress, providing lawmakers with additional details regarding the major infrastructure and social spending initiatives comprising his American Jobs Plan and American Families Plan. In times of divided government in Washington, a White House […]

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19
May
2021
Effective Advocacy Leads to Legislative Victories in Florida
Posted On May 19, 2021  By Toby Burke  And has 13 Comments

The COVID-19 pandemic created new challenges in educating state and local lawmakers during this legislative year. NAIOP of Florida successfully adapted to these new challenges through a sustained advocacy approach that resulted in several legislative victories of importance to NAIOP and the commercial real estate industry. […]

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