Long term capital gains, 43.4%, impact on real estate & 1031 exchange

Long term capital gains, 43.4%, impact on real estate & 1031 exchange

President Biden has proposed an increase in long term capital gains from their current 15-20% to 43% for the wealthiest.  This would be the highest tax paid on income.  What is in the new proposal?  What does this proposal mean for real estate?  How will the 1031...