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Taxes and CRE

Depending if you are in the higher end residential business or purely commercial real estate, the tax bill is good or maybe bad. While there is more…

By Joel Ross | Updated on November 06, 2017

Joel Ross

Depending if you are in the higher end residential business or purely commercial real estate, the tax bill is good or maybe bad. While there is more negotiation to do, especially on SALT, the basic deal seems to be done, subject to the super egos of the Republican senators like Collins, McCain and Corker who could ruin the whole thing again just as they did with Obamacare. Hopefully McCain got beaten up enough by his constituents over his antics on Obamacare, that he will not grandstand on the tax bill.

Collins is the other one who needs to understand that she alone does not get to decide what the bill says and she will vote yes even when it is not to her liking.  Flake will probably vote yes despite his hate for Trump, and Corker then does not matter. Bottom line it will pass because all Republicans understand they are obliterated as a political party if they fail to pass tax reform. This is not Obamacare which impacted a relatively small number of voters. Taxes hits 100% of voters and cutting taxes is what gets you elected.

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