Sen. Bob Corker says he had no role in tax-bill provision that could potentially benefit him financially
WASHINGTON – Sen. Bob Corker asked a top Senate Republican on Sunday to explain how a provision that will provide a tax break to people with large commercial real estate holdings. Republican leaders added a last-minute provision to the bill that would reduce taxes on income from real-estate LLCs. Corker, who owns a large amount of commercial real estate, made up to $7 million last year in such income, according to the paper.
Corker told the paper he was not aware that the provision had been included in the final bill.
Regardless, #CorkerKickback was trending Sunday on Twitter.
Corker, the only Senate Republican to vote against the original version of the tax bill, reversed course on Friday and announced that he would vote for the final package pieced together by negotiators for the House and Senate.