Reduce the Tax On Foreign Investment In U.S. Real Estate

The Trump administration is starting to turn its attention toward re-opening and revitalizing the economy, with the President announcing the formation of a new taskforce dedicated to these goals.  While the health of Americans remains the top priority, the administration is right to also focus on kickstarting the once-roaring economy through tax and deregulatory policies that encourage investment and job creation. One policy proposal that should be at the top of this list is rolling back the Foreign Investment in Real Property Act (FIRPTA), an outdated law that restricts foreign dollars in American real estate by imposing higher taxes on foreign investment in real estate and infrastructure than those on other asset classes like stocks and bonds.