Sept. 27, 2017 — Roundtable Statement on Tax Reform Framework

 Statement by Roundtable President and CEO Jeffrey DeBoer 

 

Download .pdf of this Statement -    - Roundtable Weekly Policy Digest Archive -  
    Sept. 27, 2017 Media Contacts: (202) 639-8400
Scott Sherwood or Abigail Grenadier

(WASHINGTON D.C.) — Real Estate Roundtable President and Chief Executive Officer Jeffrey DeBoer today released the following statement on the Tax Reform "Framework" released by the White House and congressional tax-writers:

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

- Written Statement for the Record -

- Video Compilation of DeBoer's oral statement and Q&A -

“Today's tax reform 'framework'  is another significant step toward pro-growth tax reform.  As envisioned in the framework, reducing the tax on business income, encouraging capital formation and maintaining the strength of our capital markets will spur economic investment and job creation.  The commercial real estate industry is a positive contributor to America's economy.  The industry directly employs millions, provides local governments with its largest revenue source, and plays a key role in Americans' retirement savings.  We are confident that our economy can and should grow faster to the benefit of all.  Critical issues and details certainly are ahead and we intend to work closely with Congressional tax-writers as they take tax reform forward.”

DeBoer testified on September 19 before the U.S. Senate Finance Committee on business tax reform — encouraging modest changes for the current taxation of commercial real estate that would promote economic growth while cautioning policymakers on specific business tax reform concepts that could cause severe market dislocation. 

 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 trade associations 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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