Republican Senators Will Save Millions With Special Real-Estate Tax Break (just for the record)

When the U.S. Senate takes up the final tax bill this week, more than a quarter of all GOP senators will be voting on a bill that includes a special provision that could give them a new tax cut through their real estate shell companies, according to federal records reviewed by International Business Times.

The provision was not in the original bill passed by the Senate on Dec. 1. It was embedded in the final bill by Sen. Orrin Hatch of Utah, who is among the lawmakers that stand to personally benefit from the provision.

In response to Democratic lawmakers who have slammed the provision as a lobbyist-sculpted giveaway to the rich, Republican Majority Whip John Cornyn promoted on Twitter a column by Ryan Ellis, a registered bank lobbyist who has been working to influence the tax legislation and who has defended the provision.

In all, 14 Republican senators (see list below) hold financial interests in 26 income-generating real-estate partnerships — worth as much as $105 million in total. Those holdings together produced between $2.4 million and $14.1 million in rent and interest income in 2016, according to federal records.

http://www.ibtimes.com/political-capital/republican-senators-will-save-millions-special-real-estate-tax-break-2630037


Yepper, these fourteen along with the serial predator, will make money on this tax break, while human beings will have no health care, and social security , medicare and medicaid, and they will promise one senator that is from Maine, that they will come up with 53 billion in health care funds to off set the health care mandate that they will cut....................like they are going to give the human beings in Maine health care and everyone gets what....................