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A slim Congressional majority has made it “very difficult to find the political will for another massive tax reform and spending bill,” according to Ryan McCormick, senior vice president and counsel of the Real Estate Roundtable.

McCormick told CBRE’s Spencer Levy in a recent podcast that nearly all of the proposals that were on the table early last year “have largely fallen off,” and says the Build Back Better Act is “really kind of hanging by a thread.”

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