The Biden Tax Plan - Impact to Multifamily?

[Travis Watts]

Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. 

A couple highlights from the proposal:

#1 Elimination of bonus depreciation

#2 Elimination of 1031 Exchanges

#3 Raise long-term capital gains tax rates for high-income earners

#4 Elimination of step-up basis

#5 Implement a $15,000 first-time homebuyer tax credit