Pretty good, but this is wrong: “[...] backdoor tax increases via the taking away of real estate interest [...]”
A tax deduction is merely the government not levying a fine on those who don’t act the way it wants.
Ugh...I mean that those who don’t do what the government wants get taxed more than those who comply with government desires. It’s a fine on non-compliance.
I think the poster meant that they are withdrawing the capital gains tax on real estate partnerships and instead taxing it as salary, which will effectively kill development for most deals in this country.