Final GOP Tax Plan Benefits Wealthy
Dec 18, 2017 -- Steve Rattner breaks down the winners and losers of the final Republican tax plan.
Of course,
this has nothing to do with benefiting Donald Trump and family, they have no interest in real estate ....
LOL - Corker Starting to Sweat... Add Your Tweet, Make #Corkerkickback Trend.
By durrati ---- Dec 18, 2017
Lil Bob Corker is starting to sweat as details of the #Corkerkickback, and how it benefits Corker personally, start to come out in the media.
As The Hill reports
.
Sen. Bob Corker (R-Tenn.) sent a letter on Sunday to Sen. Orrin Hatch (R-Utah) asking how a provision that would potentially benefit real estate moguls, including Corker, made it into the final version of the Republican tax-reform bill.
Because this issue has raised concerns, I would ask that you provide an explanation of the evolution of this provision and how it made it into the final conference report, Corker wrote.
The International Business Times reported Saturday that a provision added during the reconciliation process allows owners of income-producing real estate to take advantage of a 20-percent deduction for "pass-through" entities. The Senate version of the tax bill included rules that allowed the deduction to be claimed only by businesses that pay their employees significant wages. .............
.................