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Commercial real estate, which fuelled Trump's fortune, fares well in tax plan
Developers are thankful because proposal does not include the changes that they were worried about
Add BT as a preferred sourcePublished Sun, Nov 5, 2017 · 09:50 PM
Washington
AN INDUSTRY familiar to US President Donald Trump appears to have emerged from the Republican tax rewrite relatively unscathed: commercial real estate.
For months, commercial real estate developers had been concerned the tax plan in the works would make it more difficult or expensive for them to take out huge bank loans or would damage demand in the property market.
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