REITs Score Key Tax Bill Wins

2025-07-06 09:00:00 ET

Real Estate Weekly Outlook

U.S. equity markets closed the Independence Day week at record highs after Congress approved the GOP's sweeping tax cut and spending megabill, while a critical slate of employment data indicated "Goldilocks" labor market trends - steady hiring alongside moderating wage growth. Signed into law on July 4th, the Big Beautiful Bill extends and enhances key elements of the 2017 tax cuts and boosts State and Local Tax ("SALT") deductions, while overhauling eligibility requirements for government benefits programs and redirecting spending from green-energy programs towards defense and border protection. The net effects are expected to be modestly "pro-growth" and stimulative - particularly in SALT-benefiting areas - but at the likely cost of higher deficits....

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