NC-CCIM Congressmen and Women Meetings 2017
Friday, October 27, 2017
Posted by: Peter Johnston
Contact Information for each representative that we met with is included in each meetings description.
All topics of conversation were focused on three items: The National Flood Insurance Program, the Tax Reform and the 1031 exchange.
Jump To Representative: Foxx, Budd, McHenry, Adams, Meadows, Rouzer, Walker, Jones, Price
Meeting One: Virginia Foxx 8/11/17
Office of Congresswoman Virginia Foxx (NC-05)
2262 Rayburn House Office Building
Washington, DC 20515
James Milner, CCIM and Darrell McCormick met with Congresswoman Virginia Foxx on Friday, August 11th at 10:00am in the office Boone District Office, located at 400 Shadowline Dr, Ste. 205, Boone, NC 28607.
Meeting Two: Ted Budd 8/18/17
High Point District Office
4000 Piedmont Parkway, Suite 131
High Point, NC 27265
Notations by Travis Carter, CCIM:
“We had a great meeting with Congressman Budd. He was well educated on the issues and clearly in support of our positions on each. He is a pro-business politician and to use his words, he wants to let us do our jobs and get out of the way. Our meeting included Greensboro, Winston Salem and High Point Realtor Associations.
I was able to speak on 1031 Exchange and present CCIM’s talking points and provide some examples where Koury Corporation has utilized a 1031 exchange. Lou Baldwin also provided some good insight to how 1031 exchange rules have helped his business and his clients.
It was a well-run meeting and seemed to be a great success.”
Meeting Three: Patrick McHenry 8/22/17
Black Mountain District Office
160 Midland Ave
Black Mountain, NC 28711
Telephone: (828) 669-0600
Chief Counsel and Legislative Director, rep. Patrick McHenry, U.S. House of Representatives
Office of Congressman Patrick McHenry
Notations by Charlie Ellis, CCIM:
“We had a very civil and highly productive discussion with Patrick McHenry here in Rutherford County. If only others could meet with Patrick personally and hear him speak, I suspect some of the vitriol which dominates our political discourse would diminish. He is quite simply a quality individual who cares deeply about his constituents, and not coincidentally currently holds a position of real authority as Chief Deputy Whip. That role has been even more important of late while the Majority Whip Steve Scalise recuperates from his gunshot wounds.
Beyond the 3 primary issues of concern to CCIM, I learned something interesting yesterday. He was very confident about income tax reform, more so about personal taxes than corporate. Patrick seemed to believe that 6 brackets would be reduced to 3, and that capital gains taxes would be equal to 50% of your ordinary income bracket. So if you are in the 12.5% lowest bracket, your capital gains tax would be 6.25%. First I’ve heard of it, which would seem to be a very fair way to progressively tax that type of income. I was delighted to hear that Mr. McHenry is supportive of retaining 1031 tax-deferred exchanges and was confident that the National Flood Insurance Program would be reauthorized.”
Charlie Ellis also spoke at length with Matt Mulder, as well as Roger Kumpf on September 1st following this town hall meeting. Matt Mulder is the Legislative Director for Congressman McHenry. Roger Kumpf is the Regional Director for the Office of Congressman McHenry. (Contact information for both are above)
Meeting Four: Alma Adams 8/22/17
Charlotte District Office
801 E Morehead Street
Charlotte, NC 28202
Notations by Marty McLaughlin, CCIM:
“I would also like to once again thank Congresswomen Adams for taking the time to meet with us and listen to our issues and concerns.
As we discussed, I am forwarding to you the position of the commercial real estate industry as it related to 1031 Exchanges. As mentioned, its retention is vital to this industry and allows reinvestment into our local economy. The other two issues are also important to the success of the commercial real estate industry."
Meeting Five: Mark Meadows 8/23/17
Main District Office
Henderson County Court House
200 N. Grove Street, Suite 90
Hendersonville, NC 28792
Phone: (828) 693-5660
Fax: (828) 693-5603
Hours: M-F, 9:00 AM-5:00 PM
Notations by Jim Sineath, CCIM:
“I talked with Mr. Mike Butrum the legislative head (and FPC) of the Asheville Board of Realtors. Mike told me he was best friends with Congressman Meadows and with his senior staff member. He said this past month he spent time with both extensively concerning the National Flood insurance program and the 1031 tax exchange issue. He said being the Congressman was a developer and other reasons he understood both issues and was solidly behind supporting the NAR position on both. Likewise his senior staff member was also. Accordingly the need to readdress this again was not necessary as they understood the issues and supported them.
I reminded him of the ADA position and he said he would reinforce that with both also. I sent him the CCIM position statement and suggested he pay close attention to the write up on the ADA issue for reference.
It seems that we are in good position with the Congressman on our collective issues facing the Real Estate community.”
Meeting Six: David Rouzer 8/25/17
New Hanover County Office
230 Government Center Drive
Wilmington, NC 28403
Phone: (910) 395-0202
Fax: (910) 395-0209
Notations by Chris Cox, CCIM:
PJ and I met with Congressman David Rouzer for about an hour along with four other local brokers which two were also CCIM's. The meeting went extremely well. He is a great guy. Seemed down to earth and very knowledgeable and up to speed on all of the CCIM topics. He actually said that we had his vote on all three issues. Another topic of conversation was centered around the opioid and other drugs crisis and how and where it is affecting NC. Many parts of the state are feeling the effects of a bad and getting worse situation.
Meeting Seven: Mark Walker 9/19/17
809 Green Valley Road
Greensboro, NC 27408
Julie Scott Emmons
District Director | U.S. Congressman Mark Walker (NC-06)
809 Green Valley Road, Greensboro, NC 27408
t: 336-333-5005 (office) 202-823-0854 (mobile)
Connect online: walker.house.gov
Notations by Travis Carter, CCIM:
“The meeting with Congressman Mark Walker yesterday went great. Since he co-sponsors H.R 620 and therefor clearly in support of that, we didn’t really spend any time speaking about that. We did have an opportunity to provide several examples of where removal of the 1031 Exchange would detrimental to our industry and business as a whole. As we have been told by other, Congressman Walker doesn’t believe 1031 exchange is in threat and agrees that its removal would hurt commercial real estate and investment. We did press him though and continued to remind him of the many reasons why it is a bad idea to remove it.
The bulk of our conversation was spent discussing NFIP reauthorization. Since congress kicked the can on this for three months we expressed our fear that continued delays in the reauthorization of NFIP would stop lending and would be terribly detrimental to all Real Estate sectors. Congressman Walker agreed and he appeared confident will get worked out before the Dec 31 deadline. That being said, he indicated we should expect to see changes to its current structure. He provided some examples of NFIP use that clearly brought to light the need for some modifications to the existing program. That being said, there were some important take always from this conversation that Congressman Walker made notes of.”
Meeting Eight: Walter Jones 8/29/17
Greenville NC Office
1105-C Corporate Drive
Greenville, NC 27858
Phone: 252-931-1003 Toll-free (in N.C. only) 800-351-1697
M-F, 9:00 AM to 5:00 PM
Office of Congressman Walter B. Jones (NC-03)
2333 Rayburn House Office Building
(202) 225-3415 (O) | (202) 225-3286 (F)
Notations by Chris Cox, CCIM:
“I met with Mr. Jones in his office in Greenville NC for about 45 minutes. Just he and I face to face talking about many of the upcoming legislative issues. He was extremely nice and friendly and very open about all of the issues. Mr. Jones is a staunch supporter of our military and the VA. We went over the CCIM talking points and he was on board with the ADA issue and he is actually working with Maxine Waters on a bill related to the Flood Reenactment Act. As far as the 1031 exchange goes he was not as forthcoming. He is a diehard when it comes to debt and deficit so he has concerns as to where the money is going to come from to pay it off. I stressed to him it was more than just a tax issue. It was more of a continuing ECONOMIC GROWTH issue. The conversation I think went well. He said it really depended on what came out of the Ways and Means committee anyway.”
Meeting Nine: David Price 9/1/17
Chapel Hill-Durham District Office
1777 Fordham Blvd
Chapel Hill, NC 27514
Katelynn Anderson | District Executive Assistant | Congressman David Price (NC-04)
436 N Harrington Street, Suite 100
919-859-5999 | price.house.gov
Beth Harrelson CCIM, Jay Taylor CCIM and Sledd Thomas, CCIM met with David Price on September 1st.