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President Biden Looks To End ‘Sweetheart’ Deals For Real Estate And Billionaires

President Biden just released a proposed 2024 budget in which he pitched eliminating tax breaks for real estate and private equity firms as part of his efforts to cut the country’s budget deficits by nearly $3 trillion over the next decade. The White House is aiming to recover about $19 billion by closing the loophole known as the “like-kind exchange,” or 1031 exchange. CLICK ON THE HEADLINE FOR MORE