President Biden has a very ambitious economic, social and environment vision for the country. While it is not currently clear how much of his agenda will actually be signed as law, it is clear that revenue will need to be raised to fund these various projects.
Congress is still negotiating the details of how the additional revenue will be raised, but the two proposals we have seen provide some insight on what could make it to a final bill. The first insight is President Biden’s tax plan that was released just prior to the 2020 election and the second is the recent proposal from the House Ways and Means Committee, released in September 2021. [Read more…] about Potential Tax Changes for Investment Properties