NOTE: NOTHING IN THE FOLLOWING TEXT IS MEANT TO SUGGEST THAT I INTEND TO CRITICIZE REPUBLICANS FOR BLOWiNG UP THE DEFICIT. I CRITICIZE SENATOR CORKER FOR HIS HYPOCRISY IN PRETENDING WITH SUCH DRAMA QUEEN INTENSITY THAT HE CARES ABOUT THE DEFICIT WHEN HE DOES NOT AND FOR BREAKING HIS WORD, AND I CRITICIZE THE GOP FOR THROWING AWAY THE MONEY ON PEOPLE WHO ALREADY HAVE TOO MUCH INSTEAD OF TRYING TO GET IT TO THOSE WHO NEED IT. I DO NOT BELIEVE DEFICITS IN THEMSELVES ARE WRONG. I BELIEVE IT IS NECESSARY TO BORROW MONEY IN ORDER TO MAKE PROGRESS. I CONDEMN THE AUSTERITY INTO WHICH I EXPECT THE DEMOCRATIC PARTY TO FALL WHEN THEY COME INTO POWER. I BELIEVE THEY SHOULD INSTEAD INVEST. I HOPE THIS IS CLEAR.
"I'm shocked, shocked to find an item in this legislation that will save me some hundreds of thousands of dollars a year!" "Your winnings, Senator."
People are finding it hard to believe he didn't know, since John Cornyn (second-ranking Republican on the conference committee) has explained on national television that the provision in question was added in the scramble to "cobble together the votes we need to get this bill passed" and Corker's vote was the only one we know they didn't have.
"I'm shocked, shocked to find an item in this legislation that will save me some hundreds of thousands of dollars a year!" "Your winnings, Senator."
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.Which provision is that, Senator? The part that says you can deduct 20% of the real estate rental income in your portfolio—somewhere between $240,000 and $1.4 million—from your gross income, lowering your effective marginal rate to somewhere south of 30%?
People are finding it hard to believe he didn't know, since John Cornyn (second-ranking Republican on the conference committee) has explained on national television that the provision in question was added in the scramble to "cobble together the votes we need to get this bill passed" and Corker's vote was the only one we know they didn't have.


