Experts argue President Trump could have closed the loophole the same way he has slashed regulations and restricted immigration: through an executive order. But the tax bill he just signed may make it harder to do so in the future.
Reports of special provisions in the tax bill, which could enrich the lawmakers who voted on it, prompted questions about whether the practice is legal. Here's what the rules say.
New data shows the final tax bill could deliver 10 times more tax relief to real estate moguls than did the Senate version of the bill.
Sen. John Cornyn’s pipeline provision benefits Sen. Ted Cruz and other Republicans. He inserted it into the tax bill as his former chief of staff lobbied on the issue.
The GOP tax bill includes a special real-estate tax cut — a provision that could personally enrich more than a dozen Republican senators who voted on the bill.
The GOP senator's chief of staff has been investing in real estate LLCs that could get new tax cuts under controversial last-minute provision.
Orrin Hatch argued that the tax break was already in the House version of the tax bill. Experts disagree.
In response to IBT’s investigation, the GOP senator is pressing his party for answers about the provision, which could enrich Corker and other GOP lawmakers. Corker also said the provision was in the House version of the bill, a claim experts disputed.
A provision that could enrich key GOP lawmakers was part of effort to “cobble together the votes we needed,” said the Texas senator.
In a series of telephone calls with IBT, GOP senator denies knowledge of a key provision that could enrich him.
President Donald Trump has made tens of millions of dollars of rental income that could be subjected to a special new tax break in the Republicans’ tax legislation released Friday.
The new tax break — slipped into the final bill — specifically benefits people who own large real estate holdings through LLCs and partnerships, experts said.
Critics of the Republican tax bill charge that the legislation was crafted by lobbyists. But what does that really mean? A lobbying expert breaks down the lobbying sector and its influence.
House Speaker Paul Ryan and 12 other Republicans are crafting tax provisions that could end up making them big money.
On the eve of the FCC’s vote, some prominent GOP lawmakers are now demanding the net neutrality rules be preserved.
Bahrain and the United Arab Emirates both received multi-billion dollar arms deals this year, furthering the Saudi-led war in Yemen. An IBT review of federal documents finds that those countries' lobbyists gave heavily to the campaigns of politicians charged with overseeing arms sales to foreign governments.
GOP’s middle-of-the-night tax break for oil and gas investors would benefit some of the Republican Party’s wealthiest legislators
Following an IBT report on payday lenders' campaign donations to Mick Mulvaney, two Democratic senators —and possible presidential candidates — called out the acting CFPB director's conflicts of interest.
Koch family foundations doled out millions of dollars to colleges and universities, aiming to produce bright young conservatives and professors who align with the billionaire brothers’ libertarian ideals and business interests.
Correspondence obtained by IBT shows Trump's financial regulator went to bat for the finance industry that was bankrolling his campaigns.
Trump is threatening to impose 25% tariffs on China if its president doesn't attend the G20 summit.