Sen. Bob Corker Flips From “No” To “Yes” On Tax Bill Thanks To Real Estate Investment Clause

Sen. Bob Corker

Short version: GOP Sen. Bob Corker, who is retiring, was a “no” vote on the current tax reform legislation.

He’s a multi-millionaire thanks to real estate investments.

Last minute language inserted into tax bill gives a big tax break to real estate investors.

Corker is now a “yes” vote.

From The International Business Times:

The new tax provision would specifically allow owners of large real estate holdings through LLCs to deduct a percentage of their “pass through” income from their taxes, according to experts. Although Trump, who became famous for his real estate holdings, has transitioned into branding in recent years, federal records show Trump has ownership stakes in myriad LLCs.

The new provision was not in the bill passed by the House or the Senate. Instead, it was inserted into the final bill during reconciliation negotiations between Republicans from both chambers. The provision, said experts, would offer a special tax cut to LLCs with few employees and large amounts of depreciable property assets, namely buildings: rent generating apartment and office buildings.

Sen. Bob Corker, who was considered a potential “no” vote on the bill, abruptly switched his position upon the release of the final legislation. Federal records reviewed by IBT show that Corker has millions of dollars of ownership stakes in real-estate related LLCs that could also benefit.

Corker won’t have anyone to answer to once he’s out of office next year except his bank account.

This entire tax reform bill has been cobbled together with NO public hearings in a matter of weeks. Republicans released the legislation at 4:30pm on a Friday with plans to vote on the bill next week.

Sen. Bob Corker: I Don’t Think There’s Any Question Donald Trump Is “Debasing The Nation”

Speaking to reporters this morning, Republican Sen. Bob Corker of Tennessee was asked by Mary K. Bruce of ABC News if he felt Donald Trump was “debasing” the United States with his behavior.

Corker was unequivocal in his response: “I don’t think there’s any question.”

In the same interview, Corker said he had hoped Trump would “rise to the occasion as president to lead our nation, instead of dividing it.”

Watch below.

In another interview with CNN, Corker had much more to say, including:

“I would hope the staff over there would figure out ways of controlling him when they know that everything he said today was absolutely untrue.”

“I think that he’s proven himself unable to rise to the occasion … I don’t think that that’s possible. He’s obviously not going to rise to the occasion as president.”

“The President has great difficulty with the truth. On many issues.”

“I don’t know why he lowers himself to such a low, low standard, and debases our country in a way that he does, but he does.”

“I think world leaders are very aware that much of what he says is untrue.”

Clearly, the Trumpster was watching. Check out the Twitter rant below from Trump this morning.

But Corker won the exchange tweeting, “Same untruths from an utterly untruthful president.” #AlertTheDayCareStaff

The hashtag #AlertTheDayCareStaff immediately began trending on Twitter.

File this one under “Infighting is funny.” It’s obvious that Corker, who has announced he will not seek reelection next year, has zero fucks left to give about the Trump presidency.

Sen. Bob Corker: White House Spends Every Single Day Trying To “Contain” Donald Trump

Sen. Bob Corker of Tennessee

In a stunning interview with the New York Times, Republican Sen. Bob Corker shared that he has grave concerns about Donald Trump who acts “like he’s doing The Apprentice or something.”

In an extraordinary rebuke of a president of his own party, Mr. Corker said he was alarmed about a president who acts “like he’s doing ‘The Apprentice’ or something.”

“He concerns me,” Mr. Corker added. “He would have to concern anyone who cares about our nation.”

Mr. Trump poses such an acute risk, the senator said, that a coterie of senior administration officials must protect him from his own instincts. “I know for a fact that every single day at the White House, it’s a situation of trying to contain him,” Mr. Corker said in a telephone interview.

Without offering specifics, he said Mr. Trump had repeatedly undermined diplomacy with his Twitter fingers. “I know he has hurt, in several instances, he’s hurt us as it relates to negotiations that were underway by tweeting things out,” Mr. Corker said.

All but inviting his colleagues to join him in speaking out about the president, Mr. Corker said his concerns about Mr. Trump were shared by nearly every Senate Republican.

“Look, except for a few people, the vast majority of our caucus understands what we’re dealing with here,” he said, adding that “of course they understand the volatility that we’re dealing with and the tremendous amount of work that it takes by people around him to keep him in the middle of the road.”

As for the tweets that set off the feud on Sunday morning, Mr. Corker expressed a measure of powerlessness.

“I don’t know why the president tweets out things that are not true,” he said. “You know he does it, everyone knows he does it, but he does.”

That last line is actually quite amazing. A sitting senator from the president’s own party acknowledging his guy lies on a regular basis.

And apparently every Republican Senator thinks Trump is a serious threat to the country but stays silent because of politics or something.

Corker was fairly close to Trump during and right after the 2016 election. According to reports, he was considered for such high ranking positions in the Trump administration as Vice President and Secretary of State, but withdrew his name from consideration after conversations with Trump on foreign policy made him uneasy.

Corker announced recently that he will not seek reelection in 2018. Clearly, having no concerns about campaigning for votes has imbued him with a new sense of freedom to express himself.

It’s worth noting that with a slim two-vote margin in the Senate, Corker has 13 months left as a  U.S. Senator. Trump hurts himself and his policy proposals by attacking a member of his own party.


Sen. Bob Corker On Trump: “The White House Has Become An Adult Day Care Center”

Earlier this week, Sen. Bob Corker told reporters that some of Donald Trump’s closest advisers are responsible for tamping down the “chaos” in the White House.

“I think Secretary Tillerson, Secretary Mattis and Chief of Staff Kelly are those people that help separate our country from chaos,” Corker said.

So, it was clearly a matter of time before Trump would take to Twitter to lash out at the Republican senator from Tennessee who recently announced he would not seek reelection next year.

This morning Trump tweeted:

“Senator Bob Corker “begged” me to endorse him for re-election in Tennessee. I said “NO” and he dropped out (said he could not win without… endorsement). He also wanted to be Secretary of State, I said “NO THANKS.” He is also largely responsible for the horrendous Iran Deal! …Hence, I would fully expect Corker to be a negative voice and stand in the way of our great agenda. Didn’t have the guts to run!

And Corker responded beautifully: