The Federal Government's Proposed Budget for Fiscal Year 2019

On February 12, 2018, The White House published President Trump’s fiscal year 2019 budget. Below are highlights of the budget proposal that impact real estate.

The Office of Management and Budget (OMB) serves the President of the United States in overseeing the implementation of his vision across the Executive Branch. Specifically, OMB’s mission is to assist the President in meeting his policy, budget, management and regulatory objectives and to fulfill the agency’s statutory responsibilities. OMB’s Fiscal Year 2019 budget was released in February with the stated goal to “reverse the trend of climbing government spending. The President’s federal budget commits to restraint while prioritizing funding to rebuild our national defense and strengthen America’s borders.” 

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Budget Highlights Impacting Real Estate

Federal Tax - 2019 Proposed Budget

The Administration-backed tax reform bill of 2017 scaled back "green book" proposals usually found in federal budgets; adds infrastructure investment.