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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: bentway who wrote (53130)12/10/2011 8:52:29 PM
From: No Mo Mo1 Recommendation  Read Replies (3) of 119362
 
"Obama has already said he'd veto this bill for just this reason."

First of all, Carl Levin begs to disagree:

youtube.com

And secondly, a veto might be nothing more than political cover for a bill like this.

From the comments:

"1031 is not a law. it is a section in a larger piece of legislation called The National Defense Authorization Act. It has been enacted for each of the past 48 years to specify the budget and expenditures of the United States Department of Defense. by vetoing this bill obama would appear that he didn't care about the military, which is generally considered political suicide. THAT is why he won't veto this bill. even if he did, there is enough support in congress to overturn? any veto. "
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