Drudge Retort: The Other Side of the News
Saturday, November 11, 2017

Republican lawmakers pushing to close dozens of tax loopholes have left open one that's been good to President Donald Trump: the golf break. With Senate Republicans expected to unveil the outline for a sweeping tax rewrite on Thursday, a lucrative break for golf-course owners -- including the president -- remains firmly in place in the House version of the measure. The Obama administration estimated in 2014 that closing the controversial loophole would save more than $600 million over a decade. While Republicans are eliminating many write-offs, the House version of the bill allows golf-course owners to claim deductions for promising never to build on their links. The Trump Organization, which owns a dozen courses in the U.S., has taken advantage of the break in the past, using a law that's supposed to help preserve open space.

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The golf deduction is just one example of how Trump businesses would benefit under the House Republican plan. Interest expenses for loans on commercial real estate, for instance, would also remain deductible in many cases, even as that benefit is reduced for most other industries.

"The commercial real estate industry is looking at this and saying, 'I love it,'" said Daniel Shaviro, a tax-law professor at New York University. "Despite his efforts to prevent us from knowing about his tax returns, it's clear this is a huge plus for Trump."

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Nothing surprises me anymore when it comes to the shameless a-- raping of the middle class in this tax "reform" bill nor the shameless self-interest-driven policy of the DOTUS.

Righties really are pathetic sacks of ---- for continuing to support that tub of orange lard. So much for "Patriotism" or "Christianity".

#1 | Posted by jpw at 2017-11-10 11:22 PM | Reply

Golf courses that require a $200,000 membership are considered "open space"?

Would they let Boaz build a bunker on one of them? I think not.

#2 | Posted by REDIAL at 2017-11-11 06:55 PM | Reply

Also, if 2/3 of your golfers get drunk by the 18th hole, you get to declare the course a wildlife refuge, and all Scotch is tax-free.

#3 | Posted by cbob at 2017-11-11 07:22 PM | Reply

#2 It's open space all right.
It's just not open to you.

#4 | Posted by snoofy at 2017-11-11 07:28 PM | Reply | Newsworthy 2

Your mortgage interest deduction... GONE!
Trump's golf course deduction... Protected.

LOL. Anyone who voted for Trump but is not a multimillionaire is an absolute sucker. LMAO!

#5 | Posted by moder8 at 2017-11-11 08:05 PM | Reply

Any time Trump proclaims he won't be benefiting from the new tax code...

...he's lying.

As well as virtually any other time he opens his mouth....

#6 | Posted by Danforth at 2017-11-11 09:10 PM | Reply | Newsworthy 1

Surely nobody will claim they're surprised by this. It's how CONgress has operated for years. Even before Trump came along.

#7 | Posted by SomebodyElse at 2017-11-11 09:32 PM | Reply

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