CNBC - 1031 Exchanges At Risk Under Trump

Dec 23rd, 2016

Short video and article on CNBC highlighting that 1031 exchanges are at risk under the new tax reform proposed by the Trump administration. Outlines the chilling effects the loss would have on the real estate market. Read More
Over 10,000 Individuals Have Sent Letters to Congress!

Jan 10th, 2017

Thanks to you, we have now delivered individuals letters on behalf of over 10,000 unique voters to their representatives and senators in Congress! We have also recently received word that our collective voice is starting to be heard on the Hill....Read More
Why send a Letter? Does Congress even care?

Jan 11th, 2017

Individual representatives and senators care about losing their power—even the virtuous ones! They can't do any good if they get kicked out of office! That's why direct contact from their own constituents plays such a critical role in the...Read More
What the 1031 Exchange Does for the Economy

Feb 3rd, 2017

Ernst Young found that overturning Section 1031 would result in a hit of between $60 billion and $131 billion to the economy over ten years, in terms of the tax revenue and income that would be lost. Also, they predicted businesses would hold onto capiRead More
The Unintended Consequences of Tax Reform

Feb 17th, 2017

If we eliminate 1031, deals will stop happening. That will cause property values to decrease. When property values decrease, then you can't even refinance out your equity and you're locked into the property and unable to sell.Read More
What is "dynamic scoring"?

Apr 10th, 2017

"The Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) estimate the budgetary effects of tax, spending, and regulatory legislation. The resulting scores play a major role in policy deliberations because of congressional budget...Read More
Seniors to Be Hurt by Paul Ryan Tax Plan

Apr 11th, 2017

"...the proposal could have costly unintended consequences — especially for the elderly. Retirees are financially vulnerable to rising prices, or inflation, which is one possible result of the GOP plan. If the proposal sets off inflation, many...Read More
What is "Budget Reconciliation"?

Apr 12th, 2017

Introduction "Budget reconciliation" is a process that allows Congress to quickly pass tax, spending, and debt limit laws. Typically the Senate, which is supposed to be the "cooling saucer", allows unlimited debate. This means that...Read More
WP Explains the Impossible Math of Trump Budget

May 24th, 2017

"What the budget proposal does, Furman said, is include the expected gains from the tax cuts without accounting for the losses. In other words, if the tax plan is revenue-neutral, there would be $2 trillion in additional revenue from economic growth...Read More
Even the House Freedom Caucus Opposes Full Expensing

Jun 9th, 2017

The White House is starting the next phase of its tax reform push with the expected launch of a formal set of listening sessions with industry groups.  Members of the House Freedom Caucus called on congressional leaders Friday to introduce a formal...Read More
FEA Letter to Senate Finance Committee

Aug 4th, 2017

The proposal to fully expense real estate improvements in the year of acquisition, with an unlimited carryforward, provides a tremendous incentive at acquisition for a taxpayer to inflate the value of improvements, so as to maximize the write-off. ConverRead More
Happening right now: tax reform is moving forward!

Oct 27th, 2017

This budget never balances, and it adds $5.5 trillion--nearly double the amount added by the House-passed budget--to the national debt over the next decade. In fact, this is the fourth budget in the last seven years that never balances.Read More