Republican Senators Will Save Millions With Special Real-Estate Tax Break

The following article by Alex Kotch, David Sirota and Josh Keefe was posted on the International Business Times website December 18, 2017:

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.  Continue reading “Republican Senators Will Save Millions With Special Real-Estate Tax Break”