In fact, the previous president signed a law removing 1031 exchange for everything except real estate. Coincidentally, the previous president is in the real estate business.
That's bad, but not as bad as when the commercial real estate lobby asked for a straight up bail out back in '08.
> In a letter to U.S. Treasury Secretary Henry Paulson, industry organizations have asked that the $200 billion Term Asset-Backed Securities Loan Facility (TALF) provide guarantees or financing, or purchase highly rated asset-backed securities collateralized by new or recently originated mortgages.
https://krscpas.com/the-tax-cuts-and-jobs-act-tcja-and-code-...