Package” (H.R. 4213). The bill aimed to extend certain Bush era tax cuts, as well as

fund an extension of unemployment benefits set to expire. However, the legislation

also carried a price tag of $127 billion, and would have added $84 billion to the

federal deficit over the next decade. In order to fund the extensions, Congressional

members included $43 billion of tax increases – including a provision to change the

tax treatment on carried interest from capital gains to ordinary income. This would

raise the tax rate on carried interest from 15% to as high as 39.5%, adding further

stress to the already overburdened commercial real estate industry.

On May 14, 2010 and June 2, 2010, IREM and CCIM Institute initiated a “Call to

For the full article: