You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Sens. Corker, Rubio Back Tax Bill, Clearing Way for Final Passage

HeadlineDec 18, 2017

The Republican-controlled Congress is poised to pass a massive rewrite of the U.S. tax code, after Tennessee Republican Senator Bob Corker abruptly reversed his position and announced his support for the tax plan. Corker’s switch came as Republican leaders added a last-minute provision that slashes taxes on income from real estate LLCs. Corker is a real estate mogul. Florida Senator Marco Rubio also pledged to vote yes, after winning an expansion of the child tax credit, which Republicans reluctantly granted. The New York Times reports those who will most benefit from the Republicans’ tax bill are big corporations, multimillionaires, private equity managers, private schools, liquor stores, lawyers, tax accountants and President Trump and his family. We’ll have more on the Republican tax bill later in the broadcast.

Topics:
The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top