To Build Back Better, Congress Should Encourage Real Estate Investment, Not Restrict Options (MBA Op-Ed)

The Hill, Oct. 20, 2021–Diane Tomb, CEO of the American Land Title Assoc. and Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association
Tax season may still be months away, but for many Americans, a proposal to change a section of the tax code is keeping them up at night. The Biden administration is proposing to dramatically limit Section 1031 like-kind exchanges, used by all types of property owners–big and small–to improve properties and further invest in their communities. At a time when many businesses are still recovering from financial hardship felt during the pandemic, the proposed changes would substantially hurt the progress we have made to rebuild our economy.
https://thehill.com/blogs/congress-blog/politics/577491-to-build-back-better-congress-should-encourage-real-estate#bottom-story-socials