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Presidential Candidate Position Chart

With primary season in full swing, understanding where each candidate stands on the issues is critical to the real estate industry and making an informed decision when casting your vote. Below is a side-by-side summary of former Vice President Joe Biden’s and President Trump’s positions on issues impacting real estate.

For more information about these candidates, candidates running for other federal, state, and local offices, as well as your voter information such as registration, early voting, and your polling place, check out the IREM Civic Action Center!

Issue

Joe BidenFormer Vice President Joe Biden

Donald Trump President Donald Trump

Infrastructure

  • Proposes $1.3 trillion over 10 years with $50 billion in the first year to road/ bridge repairs and $10 billion over 10 years for transit in high-need areas
  • Proposes directing transportation funding to cities and bypassing the state
  • Proposes and increase to funding for the U.S. Army Corps of Engineers by $2.5 billion annually
  • Proposes paying for investments through a tax increase on the wealthy and corporations, closing tax code loopholes, and ending subsidies to fossil fuel industry.
  • Proposes $1 trillion/10-year infrastructure plan in his proposed 2021 budget
  • $810 billion/10-year in surface transportation
  • $190 billion for non-surface transportation projects in direct federal dollars
  • $13 billion to maintain public transit systems
  • Proposes streamlining and consolidating program to improve efficiency

Taxes

  • Supports raising the corporate rate to 28%
  • Supports increasing existing taxes on wealthy Americans
  • Supports increasing the capital gains tax rate for individuals with incomes over $1 million
  • Proposes a raise to the top individual tax rate from 37% to 39.6%
  • Proposes the expansion of deductions for energy technology upgrades, smart metering systems, and other emissions-reducing investments in commercial buildings

Affordable housing

  • Does not support rent control
  • Supports encouraging cities to change exclusionary zoning rules
  • Supports increased funding for programs that incentivize states, localities and private developers to build affordable housing, including a $20 billion increase for the national Housing Trust Fund
  • Support a $5 billion annual tax credit for renters if rent and utilities exceed 30% of their income
  • Proposes the expansion of the Low-Income Housing Tax Credit with a $10 billion investment

Sustainability

  • Supports ensuring a 100% clean energy economy with net-zero emissions by 2050
  • Supports infrastructure investments for buildings, water, transportation, and energy to withstand impacts of climate change
  • Proposes $1.7 trillion investment over 10 years for clean energy
  • Proposes paying for this by reversing tax cuts of the Tax Cuts and Jobs Act and ending fossil fuel subsidies
  • Removed United States from the 2015 Paris Agreement
  • Has cut environmental regulations; has taken nearly eight deregulatory actions for each new significant regulatory action

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