U.S. Sen. Bob Corker, R-Tenn., speaks Oct during a Senate Foreign Relations Committee hearing in Washington,. 30, 2017.
U.S. Sen. Bob Corker, claimed in an interview that he was not aware of a last-minute provision in a way of reconciling the Republican tax bill, the benefit potentially, the him financially.
In the talk, International Business Times, a Tennessee Republican, said he did not have the reconciled bill read, only “a two-page summary.”
IBT reported that Corker, the lone Republican against the original Senate version of the $1.4 trillion bill — approved by the Senate Dec. 2 — had reached to a previous IBT report claims, he decided to re-reconciled version only after a certain requirement has been added.
According to the IBT that this provision would allow the owners of large commercial real estate holdings-such as Corker — deduct a percentage of your “pass-through” income from their taxes.
Corker, a commercial real estate mogul who paid from $ 7 million in the last year of such income, vehemently, that he VAT-determination, IBT reported reversed its position because.
In a telephone conversation with IBT, he said, he had read only a brief summary of the bill and was not aware of the fact that the determination has been added.
“I had IBT as a two-page summary, which I said went through with the leadership,” Corker,. “I never saw the actual text.”
“I had like a two-page summary that I went through with the leadership. I never saw the actual text.”
U.S. Sen. Bob Corker, R-Tenn., in a telephone interview with International Business Times
“I really don’t know what the determination is, to be honest. I would bracket a book to explain it,” Corker said.
“I had no knowledge of this and would not know, unless for you guys to call me about it. I have no idea if it will affect me or not affect me,” he told IBT.
Corker said he opposed the original Senate the bill because he believed it would the Federal deficit increase. However, he dodged reconciled bill Friday.
“After many conversations in the past few days with people from both sides of the aisle by Tennessee and around the County – including business owners, farmers, chambers of Commerce and economic-development executives – I have decided that tax reform, we will vote on next week,” Corker said in a statement.
The house and Senate different versions of the tax debt had happened, but were able to reconcile the two versions of the Friday. Final votes are expected next week.