Estimated reading time: 0 minutes, 27 seconds

Biden Budget Aims at Tax Break for Real Estate Investors

President Joe Biden’s budget request for Congress includes tax increases on billionaires and the abolishment of lucrative tax breaks for private equity fund managers, oil companies and crypto investors—and real estate investors too. So reports Bloomberg.

Biden smile 5621670 640 150x150Biden would scrap a venerable tax break that lets real investors who invest profits in other properties not pay capital gains taxes on those profits.

Although the Republican-controlled House will stop the proposals from becoming law, they offer a glimpse of Biden’s economic priorities heading into the 2024 election.

Read the full article from Bloomberg.

Read 174 times
Rate this item
(0 votes)


PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.