Tax Reform Proposal Hits Recovering Real Estate Industry

Law360, New York (March 4, 2014, 6:32 PM EST) -- The comprehensive tax reform bill introduced last week by a top GOP lawmaker may promise to lower income tax rates, but it kills billions of dollars' worth of commonly used tax breaks in sectors like real estate and family care.

House Ways and Means Committee Chairman Dave Camp says his plan will lower the top tax rate to 25 percent without increasing the deficit, all while saving the average middle-class family $1,300 per year. But the details within the Michigan Republican's 979-page proposal reveal that some...
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