Allies Quote by James B. Stewart
“The real estate lobby has prominent allies in both parties. After the last major overhaul of the tax code, in 1986 - under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House - it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.”
About This Quote
Source Book: The Real Estate Game, 1995
Real estate interests influence both parties; tax policy shifts can benefit the industry regardless of political control.
In simple terms: Both parties aid real estate; tax changes help it.
Key Takeaway
Watch for industry lobbying.
Themes
politics
tax policy
real estate
influence
Mood
analytical
critical
Type
policy
economic
When to use this quote
- policy analysis
- investment decisions
- advocacy work
Key Concepts
lobbying
bipartisanship
tax reform
Questions to Reflect On
- What safeguards limit lobbying power?
- How do tax changes affect ordinary citizens?
A Different Perspective
Lobbying can obscure broader public impacts.
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