President Biden called on Congress to make tax code changes this week that could hurt commercial real estate investors’ pockets. But the code changes detailed in The American Families Plan could also result in fundamental shifts in how real estate is bought, sold and developed.
One of the major themes of the president’s campaign as well as his first 100 days in office has been equity. Instead of raising taxes on middle-class Americans to pay for the plan’s $1.8 trillion in spending, he is setting his sights on high-earning investors and real estate investors, in particular.
In the real estate …
