Worldwide

Sen. Corker says he had no role in tax bill revisions

Sen. Corker says he had no role in tax bill revisions”

"This bill is far from ideal, and left to my own accord, we would have reached bipartisan consensus on legislation that avoided any chance of adding to the deficit.But after great thought and consideration, I believe that this once-in-a-generation opportunity to make USA businesses domestically more productive and internationally more competitive is one we should not miss".

That's why it was inexplicable that Corker announced his support for the legislation that came out of conference.

Among the other beneficiaries of the new tax bill is Jared Kushner, who has also built his fortune in real estate.

Corker's last-minute opposition to an earlier tax bill ultimately sank the measure.

The Republican senator made the admission in an interview with the International Business Times, during which he also pushed back against claims that he switched his vote from no to yes after a provision was put in that he especially will gain from financially. He changed his position and backed the bill after the legislation was revised to expand the tax credit.

Corker's office said the senator "requested no specific tax provisions throughout the monthslong debate and had no knowledge of the pass-through provision in question".

The report notes that along with Corker, numerous bill's supporters and architects, including House Speaker Paul Ryan (R-WI) and President Donald Trump himself own millions in real estate LLCs.

The provision at issue would provide a special tax deduction on income made from so-called "pass through" entities, like real estate LLCs. It would specifically benefit real estate investors who operate "pass-through" businesses. "Despite potentially holding the fate of the entire tax bill in his hands, Corker told IBT that he has only read a short summary of the $1.4 trillion legislation". "I would need an accountant to explain it", he said in the second call. "I never saw the actual text", Corker said.

His story, however, hit a snag when Sen.

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".

Stephanopoulos asked if the language was added to benefit Corker.

Now Corker is in the hot seat. I had no knowledge of this and would have no knowledge of it except for you guys are calling me about it. Final votes are expected next week. Meanwhile, #CorkerKickback is trending on Twitter.



Like this

loading...
loading...

Latest


30 August 2019
The FIBA Basketball World Cup Is Starting, Can Someone Stop Team USA?
The two Balkan sides have a bunch of NBA stars in their ranks, as well as players from the top European basketball leagues. The teams will then have the chance to rest for 2 days, before returning for the second group stage on September 7 th .

24 May 2019
Upcoming Online Slot Releases
Look out for Temple of Nugdes! Ancient Fortunes: Zeus Here is one last upcoming game, this time from the prolific Microgaming. This is mixed with a whole bunch of bonus features and extras, making for what will be a very popular game once it goes live.

21 May 2019
A Beginner’s Guide To Royal Ascot
Remember to bet on the colour of the queen’s hat! This is a newer tradition but is one appreciated by all of the guests. It’s quite a tradition, however, to pack a picnic lunch, especially if you are making a whole day out of your trip.

18 December 2017
CHIP should get a long-term funding extension
Sudders said most CHIP participants are eligible for Medicaid and would stay on Medicaid if the CHIP funding was lost. But Ruhl misstated a basic fact: Is Democrats, not Republicans, holding up the CHIP program.

18 December 2017
Kindred Healthcare, Inc. (KND) Stock Price Increases Today
It improved, as 26 investors sold KND shares while 44 reduced holdings. 38 funds opened positions while 62 raised stakes. Sources told the Journal that the deal would value Kindred at $9 per share, 40 cents higher than Friday's closing price.

18 December 2017
Report card: How we graded the Bills' 24-16 victory vs. Dolphins
He's also the 3rd back in franchise history to do so, joining O.J Simpson and Thurman Thomas. "Stop what we're doing". Entering Sunday, their opening drives had netted six points for Buffalo and seven for opponents.

18 December 2017
SpaceX launches first reusable capsule and rocket
And as per usual, SpaceX plans to land this Falcon 9 after take off at the company's ground-based landing site, Landing Zone 1. NASA's ISS program manager Kirk Shireman said rocket experts from around the agency had reviewed safety for the mission.

18 December 2017
Hardik Patel claims exit poll results for Gujarat will be wrong
The voting for the two-phase Gujarat Assembly election ended on Thursday and counting of votes will be held on December 18. Hardik Patel has extensively campaigned against the BJP and has concluded the voting with another irrational comment.

18 December 2017
JuJu Smith-Schuster Recreates Dirty Vontaze Burfict Hit After Steelers TD
Bryant fell to the ground, and Smith-Schuster stood over him in the end zone after Bryant's impressive score. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.

13 September 2017
Casino "SL Casino Riga" of Storm International chain to open in Riga
Guests could relax playing the most popular slots, roulette and video poker, as well as enjoy original entertaining show programs. The interiors are made in soft colors and the muffled lighting is done to create an atmosphere of luxury and relaxation.