Search
 

'Another Step Forward' in Senate Tax Vote

Industry response to the Senate's tax-reform vote early Saturday morning is mainly, although not uniformly, positive.

By Paul Bubny | Updated on December 04, 2017

Real Estate Roundtable's Jeffrey DeBoer DeBoer says the new pass-through regime is “potentially one of the more significant new incentives to attract growth capital to businesses of all types and sizes.”

WASHINGTON, DC—The 51-49 passage early Saturday morning of the Senate’s tax reform package brought mainly positive response over the weekend from industry groups, who saw good news in areas ranging from commercial real estate finance to small businesses. “The vote by the United States Senate is another step forward for pro-growth tax policy,” says Jeffrey DeBoer, president and CEO of the Real Estate Roundtable.

Although the process of reconciling the two legislative chambers’ tax-reform packages has yet to be finalized, DeBoer notes that many provisions in the House and Senate bills “are designed to boost wages, job creation and the overall economy. The proposed new pass-through tax regime, structured differently in each bill, is potentially one of the more significant new incentives to attract growth capital to businesses of all types and sizes. We look forward to working with lawmakers in the days ahead to help ensure that this concept achieves its full potential.” (For more detail on the Senate bill’s treatment of CRE, click here.)

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.