It’s a virtual certainty that the GOP will ramrod the “Pass-Through Entities Enrichment and Donor Relief Act” this week, giving the Scheißegibbon a much-needed “win” by leveraging the U.S. tax code to widen the already Gilded Age-scale wealth inequality gap. But today is still a good time to call your senators:
(202) 224-3121
Why bother? Well, “Liddle” Bob Corker felt sufficiently soiled by the tawdry process that he was moved to pretend he didn’t know the #CorkerKickback was added specifically to corral his vote. Via The Hill:
Sen. Bob Corker (R-Tenn.) sent a letter on Sunday to Sen. Orrin Hatch (R-Utah) asking how a provision that would potentially benefit real estate moguls, including Corker, made it into the final version of the Republican tax-reform 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,” Corker wrote.
The International Business Times reported Saturday that a provision added during the reconciliation process allows owners of income-producing real estate to take advantage of a 20-percent deduction for “pass-through” entities. The Senate version of the tax bill included rules that allowed the deduction to be claimed only by businesses that pay their employees significant wages.
The provision would potentially benefit Corker and President Trump, among other real estate moguls.
I think Cole was right when he said the Republicans are openly engaged in a smash-and-grab because they sense an electoral wipe-out on the horizon, one that will make the 2010 Teaturd wave resemble the dribble from a cracked thimble. But long odds aren’t a reason to give up.
McCain is out. Cochran is out. Corker is shocked — shocked! — that self-dealing is in the bill and demanding explanations. Susan Collins, “the human fulcrum perched stoically at the precise center of American politics,” also functions as a weathercock. Friends, let’s change the weather.
Open thread.
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