It was very encouraging to see how engaged Congressman Schneider was in the discussions regarding the impact of the Tax Cuts and Jobs Act (TCJA) on developers as well as the need for ADA Lawsuit Reform," said Peggy McDermott, Regency Centers' Director of Property Operations. "The more we have the opportunity to share real life examples with decision makers, the greater the chance that meaningful change may be implemented in the future.
Since January, Rep. Schneider has been a member of the Ways & Means Committee. The Committee on Ways & Means is the oldest committee of the United States Congress. As the chief tax-writing committee in the House of Representatives, it exercises broad jurisdiction over health care, Social Security, Medicare, pensions, trade and other issues.
The tour — and bringing the group together — helps demonstrate to members of Congress the positive impacts that retail real estate, and specifically REITs, have on local economies.
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