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12/19/2017 5:42 am  #1

Why Corker flipped on the tax bill

Why Corker flipped on the tax bill

The GOP senator says he had nothing to do with a provision that could enrich him personally, as liberal critics allege.

Days before his surprise announcement that he would support the GOP tax bill, Sen. Bob Corker had been summoning administration officials and economists to his office to see whether he could ultimately get on board with the plan.

One was Douglas Holtz-Eakin, the former Congressional Budget Office director and adviser to GOP presidential campaigns who painstakingly went through varying analyses of the tax measure as Corker — accompanied by at least a half-dozen aides and stacks of spreadsheets — drilled him with questions.
Nonetheless, the claim that a provision was snuck in during the final hours of bill drafting — and that Corker had asked for it — spread quickly over the weekend following an International Business Times report that people who hold real estate holdings through a limited liability company will be able to take advantage of a new deduction for “pass-through” businesses even if they have few employees. Pass-throughs are companies that pay taxes through the individual, not the corporate side of the tax code.

The IBTimes report noted the Trump family and several congressional Republicans, including Corker, would likely benefit from the language.

"Hmmm, The Swamp is strong with this one"

Last edited by Goose (12/19/2017 5:43 am)

We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 

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