Biden proposes eliminating real estate investor tax break, while Republicans discuss cuts to housing programs

Biden proposes eliminating real estate investor tax break, while Republicans discuss cuts to housing programs

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On Thursday, the Biden administration released its $6.9 trillion budget proposal for next year that’d cut deficits by nearly $3 trillion over the next ten years via tax increases. In the budget, the administration claims that closing “tax loopholes that overwhelmingly benefit the rich and the…

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