Senator denounces media claims of ‘Corker kickback’
In media interviews Thursday, Corker said "some adjustments need to be made" to the sweeping tax reform plan to make it fairer and more fiscally responsible.
But the former
Corker denounced social media reports of a "Corker kickback" being inserted in the
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"It's been totally inappropriate," he said, claiming he had no hand in writing the joint tax bill. C0rker said he was unaware of provisions on how real estate earnings will be handled and how he could personally benefit from the change.
"I have had a healthy respect for the media and have not liked the tearing down of the media," Corker said during an interview on
Corker's colleagues in the
"I had absolutely nothing to do with any clause whatsoever in this bill," Corker said.
The tax plan offers a special 20 percent deduction for business owners for so-called pass-through income in an attempt to encourage more hiring and expansions by such businesses. The deduction had originally been designed to exclude businesses like real estate partnerships, which often have few employees.
But last week, the joint bill changed to allow owners of real estate businesses.
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"It was in the House bill and has been in there since the first of November," Corker said. "This is something that
Corker on Sunday called the provision "totally unnecessary and borderline ridiculous" and repeated Thursday that some provisions in the tax reform plan are "overly generous" and should be reconsidered.
"My sense is that over time some adjustments are going to need to be made," he said.
Corker, who has made headlines this year for feuding with
The
Corker said he "did everything I could" to limit the deficit impact of the tax reform plan when it was in the
"I lost on the
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But ultimately, Corker decided to support the final tax reform measure considering how it will benefit businesses and jobs in
"I talked to people at the Chattanooga Chamber, I talked to
Although Corker said he expects the deficit to be less than the CBO estimate because of the economic benefits from the tax changes, "there is a great possibility of a
Corker said his concerns over the deficit remain, "but we have a lot of momentum right now as it relates to economic growth" and with a more favorable trade and immigration policy, economic growth could be even greater.
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