Nov. 2, 2017 — House Tax Bill Proposals Will Boost Economic Demand and Job Growth

 Bill Reduces Barriers to Private Sector Capital Formation and Business Investment 

 Roundtable Testimony Sept. 19, 2017  -   - Roundtable Weekly Policy Digest Archive -  
    November. 2, 2017 Media Contacts: (202) 639-8400
Scott Sherwood or Abigail Grenadier

(WASHINGTON D.C.) — Real Estate Roundtable President and Chief Executive Officer Jeffrey DeBoer released the following statement on the Tax Cuts and Jobs Act released today by Republican leadership in the U.S. House of Representatives.

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Real Estate Roundtable President and Chief Executive Officer Jeffrey DeBoer testifying before the Senate Finance Committee on Sept. 19.

 ( - Watch video clips of DeBoer's opening statement and Q&A with members of the Senate Finance Committee. - )

“The Real Estate Roundtable commends House Speaker Paul Ryan (R-WI), House Ways and Means Committee Chairman Kevin Brady (R-TX) and their colleagues on the introduction of comprehensive tax reform legislation.  

Today, U.S. commercial real estate is taxed on an economic basis, and commercial real estate markets are generally healthy and strong.  However, outdated and overly complicated tax laws are a drag on the broader economy.  By reducing barriers to private sector capital formation and business investment, tax reforms in the House bill will boost economic demand and job growth.

The bill would reduce the tax burden on all job-creating businesses, not only C corporations.  If the final bill is similar to the one introduced today, our industry will put more people to work modernizing and improving existing properties — office buildings, shopping centers, apartments, industrial properties — to meet the changing and growing needs of American businesses and consumers

As the House bill moves on to mark-up next week in the Ways and Means Committee, and a separate tax reform bill is expected in the Senate this month, we look forward to continuing to work with Congress and the Administration to enact pro-growth tax reform." 

About The Real Estate Roundtable
The Real Estate Roundtable brings together leaders of the nation’s publicly-held and privately owned real estate ownership, development, lending and management firms with the leaders of national real estate tradeassociations to jointly address key national policy issues relating to real estate and the overall economy. Collectively, Roundtable members' portfolios contain over 12 billion square feet of office, retail and industrial properties valued at more than $1 trillion; over 1.5 million apartment units; and in excess of 2.5 million hotel rooms.  Participating trade associations represent more than 1.5 million people involved in virtually every aspect of the real estate business.

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