Drudge Retort: The Other Side of the News
Sunday, December 17, 2017

David Sirota, International Business Times: Sen. John Cornyn of Texas, the majority whip, on Sunday said a tax provision, which could personally enrich key Republican lawmakers, was added to the final tax bill as part of an effort to "cobble together the votes we needed to get this bill passed." Cornyn was pressed about the provision on ABC's This Week, after an International Business Times investigation showed that Sen. Bob Corker of Tennessee suddenly switched his vote to "yes" after GOP leaders added the provision, which could boost Corker's real estate income.

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The provision at issue would provide a special tax deduction on income made from so-called "pass through" entities, like real estate LLCs. The specific language would provide the lucrative tax deduction for such entities, even when they employ few or no employees -- a structure that tax experts say is designed to give a tax break to real estate moguls.

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"designed to give a tax break to real estate moguls."

It's called the Trump Exception.

#1 | Posted by Corky at 2017-12-17 05:42 PM | Reply

This what we fight.

#2 | Posted by Zed at 2017-12-17 08:23 PM | Reply

Good Lord.

Yeah, fighting for working families - as long as those families are the ones working the bill.

#3 | Posted by cbob at 2017-12-17 09:26 PM | Reply

Republican/Trump Tax Bill:

Special benefits for Real Estate developers: Trump will net $1 billion in tax relief. Meanwhile, Trump is running around the country claiming there is no benefit for him in the tax bill.

How child care benefit works: If you make $1 million per year you get a $4000 child care credit; If you make $100,000 you get a $2000 child care credit; If you make $30,000 you get a $800 credit; If you make $14,500 you get a $75 child care credit. This is outrageous. Rubio signed on after getting the credit increased for those making $30,000, from $200 to $800. NOTHING ELSE. Might cover one month, depending on how many children you have. Disgusting.

#4 | Posted by bayviking at 2017-12-18 06:38 AM | Reply

#4 You have a link for that?

I doubt any righties will be here to bitch about this obvious pay off.

#5 | Posted by 726 at 2017-12-18 07:33 AM | Reply

I'm repeating a tax expert presentation on Morning Joe.

#6 | Posted by bayviking at 2017-12-18 08:02 AM | Reply

But please, tell me again how we dodged a bullet by electing Trump instead of Clinton.

#7 | Posted by e1g1 at 2017-12-18 09:05 AM | Reply | Newsworthy 6

But please, tell me again how we dodged a bullet by electing Trump instead of Clinton.

#7 | POSTED BY E1G1

Clinton wouldn't be helping kick so many Republicans out of office and replace them with Democrats.

#8 | Posted by Sycophant at 2017-12-18 12:50 PM | Reply

But it is just going to kill the dem senators. HA!!!

#9 | Posted by Sniper at 2017-12-19 01:05 PM | Reply

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Drudge Retort