Trump’s Tax Efforts Would Give Real Estate Firms A Leg Up

Donald Trump
Former President Donald Trump

Donald Trump’s proposed tax initiatives could help debt-laden businesses and real estate firms, but the controversial plan has received a lot of opposition.

The GOP presidential candidate's tax plan consists of a combination of two policies that would allow businesses a series of perks—such as deducting interest and expensing or immediately writing off investments in equipment and buildings. At present, companies are required to spread those deductions out over a series of years.

Trump’s plans are not well-received by House Republicans and tax analysts from both parties who say the two policies should not be combined. The initiatives could potentially generate big losses in the first year of an investment, and by allowing ongoing interest deductions, those losses would carry into the future, Wall Street Journal reports.

Former aide to President Obama and NYU professor Lily Batchelder told the Journal the combination of the two policies would be insane. “That’s like the closest I can think to a bipartisan sin among tax nerds,” she said. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift