Save the 1031 Exchange

The American Families Plan incorporates tax policy changes for Section 1031 of the tax code.  The proposal seeks to limit 1031 exchanges to $500,000 in capital gain or eliminate the benefit altogether.

Ernst and Young says:

• GDP is estimated to fall $8.1 billion each year.
• Investment is estimated to fall $7 billion each year.
• Labor income is estimated to fall by $1.4 billion.
• Estimated overall reduction in U.S. GDP over 10 years is (61-131 billion)