“Manufacturers of equipment that builds our infrastructure, like bulldozers and excavators; the dealers who sell them; and the builders who put them to use all rely” on Section 1031 like-kind exchanges, writes Carrie Roider in a letter to editor published in the St. Louis Post-Dispatch. Roider is the CEO of Erb Equipment, a heavy equipment supplier with locations in Illinois, Indiana, Kentucky, Missouri.
In her July 11, 2017 letter, Roider calls Section 1031 a critical provision that stimulates the economy. “Economists consider the like-kind exchange a smart lever for growth. Congress should too,” she writes. She warns that cutting 1031 exchanges would negatively affect many industries, including farmers and small manufacturers. Section 1031 is fair and essential, she writes, for small business owners to manage capital, fund upgrades, and grow their businesses.