Killing 1031 exchange would "slam entire economy", explains Simon CRE
"These are effects that will completely alter real estate activity and investment for the worse, resulting in industry contraction, disruption of many local property markets, harm to both tenants and owners, and potential job losses.
And that impact not only slams the real estate industry hard, but the entire economy. Over a 10-year span, we’re talking up to an estimated $131 billion decline in U.S. GDP, according to a 2015 analysis by Ernst & Young. The same study estimates that investments would drop by $7 billion, and labor income would fall by $1.4 billion in the long-run."