Monday, December 18, 2017

Thank You Captain Renault


I'm shocked! Shocked! To find that gambling is going on this establishment
Bob Corker is incensed that a provision was added to the Republican tax bill that would save him over $1 million in taxes:
Facing a firestorm of criticism, Sen. Bob Corker, R-Tenn., sent a letter Sunday night to Senate Finance Committee Chair Orrin Hatch, R-Utah, asking how the final tax bill ended up including a special tax cut provision experts say would particularly benefit investors in real-estate related LLCs. The letter follows an International Business Times investigative series showing that Corker, President Donald Trump, House Speaker Paul Ryan and a handful of key GOP lawmakers overseeing the tax bill have multimillion-dollar ownership stakes in such LLCs, meaning they could be personally enriched by the provision, which was added to the final tax legislation released on Friday.

Corker this week could decide the fate of the entire $1.5 trillion tax bill in the closely divided U.S. Senate. He cast the lone Republican vote against the original Senate bill, which did not include the provision, but on Friday he announced he would support the final version of the legislation after GOP leaders added the provision to the final bill. Economist Dean Baker estimated that based on his financial holdings, “Corker could be saving as much as $1.1 million from this late addition to the tax bill.”

Under fire for switching his position after a personally lucrative provision was added to the legislation, Corker demanded to know how the language got into the final 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,” he wrote to Hatch, who is the chairman of the Senate panel that wrote the tax bill. “I think that because of many sensitivities, clarity on this issue is very important and hope that you will respond in an expeditious manner.”
How could this provision, one which benefits Senator Corker, Speaker Ryan, and Donald Trump ended up being added to the bill in closed door negotiations?

Maybe because they asked for it, or perhaps they strongly implied that it would be a good thing for the bill?

This sh%$ ain't rocket science, this is self dealing, or a bribe, though there will never be a proper paper trail that reveals this.

And people wonder why the general public is cynical about government.

1 comment:

  1. They got it passed because every time a liberal raised
    his voice against it..gop senators threw money at him.
    Until he quit complaining...

    ReplyDelete