- Michael Alter
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How Will President Obama Impact Commercial Real Estate? Part 2
So what to make of President-Elect Obama’s progressive economic policies? What his critics miss are some of the most intriguing features of his plan — providing companies with tax credits for hiring new employees; raising the investment expensing limit for small businesses; eliminating the capital gains rate for investing in small businesses; and the massive infrastructure rebuilding plans to fix roads, bridges and schools. The last initiative has the potential to create millions of new jobs for the construction trades.
Although it will take time, we believe that the incoming president’s stimulus plans are visionary and ultimately will succeed. In time, these progressive programs will lead to a wealthier middle class, increased consumer spending and overall economic growth.