The Corker provision, which was not part of either the House or Senate tax bills, would allow the owners of large real estate holdings through LLCs to deduct a percentage of their “pass through” income from their taxes.

Pass-through businesses are companies organized as sole proprietorships, partnerships, LLCs, or S corporations that don’t pay the corporate income tax and instead are taxed at individual rates. Currently, the top tax rate for the top bracket of earners is 39.6 percent. The combined House-Senate bill allows people to deduct 20 percent of pass-through income from their taxes. (Vox’s Dylan Matthews has a full explainer on pass-throughs.)

According to the IBT report, the omnibus bill also adds in a special tax cut to LLCs with few employees and large amounts of depreciable property assets — namely, real estate, rent-generating apartments, and office buildings. Just like the kind Trump and a number of GOP lawmakers own.

IBT previously reported that the 13 GOP lawmakers sculpting the bill have between $36 million and $136 million worth of ownership stakes in real estate-related LLCs. Corker has told news outlets he didn’t know about the provision and never saw the text of the actual bill.

thephan wrote:Now we know Corker's price:

The Corker provision, which was not part of either the House or Senate tax bills, would allow the owners of large real estate holdings through LLCs to deduct a percentage of their “pass through” income from their taxes.

Pass-through businesses are companies organized as sole proprietorships, partnerships, LLCs, or S corporations that don’t pay the corporate income tax and instead are taxed at individual rates. Currently, the top tax rate for the top bracket of earners is 39.6 percent. The combined House-Senate bill allows people to deduct 20 percent of pass-through income from their taxes. (Vox’s Dylan Matthews has a full explainer on pass-throughs.)

According to the IBT report, the omnibus bill also adds in a special tax cut to LLCs with few employees and large amounts of depreciable property assets — namely, real estate, rent-generating apartments, and office buildings. Just like the kind Trump and a number of GOP lawmakers own.

IBT previously reported that the 13 GOP lawmakers sculpting the bill have between $36 million and $136 million worth of ownership stakes in real estate-related LLCs. Corker has told news outlets he didn’t know about the provision and never saw the text of the actual bill.

Donald Trump wrote:Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends

slugsrbad wrote:

Donald Trump wrote:Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends

Someone tell this idiot that the Senate is part of Congress.

thephan wrote:

slugsrbad wrote:

Donald Trump wrote:Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends

Someone tell this idiot that the Senate is part of Congress.

The pains he takes to explain how he is right, even when he is grossly wrong, are impressive.

slugsrbad wrote:

thephan wrote:

slugsrbad wrote:

Donald Trump wrote:Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends

Someone tell this idiot that the Senate is part of Congress.

The pains he takes to explain how he is right, even when he is grossly wrong, are impressive.

A Democrat was also elected in the California 34th’s special election (which I forgot about, but saw on Twitter).

slugsrbad wrote:

thephan wrote:

slugsrbad wrote:

Donald Trump wrote:Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends

Someone tell this idiot that the Senate is part of Congress.

The pains he takes to explain how he is right, even when he is grossly wrong, are impressive.

A Democrat was also elected in the California 34th’s special election (which I forgot about, but saw on Twitter).

I am taking comfort in that Buchanon, PA’s only president, its usually ranked in the bottom 5 historically, but my hope is that the Trump presidency will push him up!

pacino wrote:Corker is upset that the thing that secured his vote was discovered in the bill.

Twitter suspends Britain First leaders as it enforces new anti-abuse rules

"The State Election Board of Voting Integrity said early on that ‘more than a third’ of Jones’ votes up to 11 a.m. looked suspicious — and with good reason. Many of them came from the small town of Bordalama, a rural community about 20 miles outside Birmingham.

According to official tallies, Roy Moore received 953 votes in the small town. Doug Jones received 5,327. If the disparity in numbers isn’t enough to give you reason to smell something fishy, the population of the town should. There are 2,256 residents there and only 1,867 registered voters. In other words, more people voted for Doug Jones than even live in Bordalama."