$1 billion for breathing machines - my god, we can't afford that. It could cut into that $170 billion tax break for real estate tycoons
My latest: Stimulus bill features a potential tax boondoggle for real estate investors
Senate Republicans inserted a provision in the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market. Cost over 10 years is $170 billion.
NEW: An obscure provision of the stimulus package delivers a potentially huge tax windfall to real estate developers like . by
BURIED IN THE FINE PRINT: On page 203 of the stimulus bill passed late last night, there's a tax tweak that could save wealthy real estate investors $170 BILLION over 10 years. shines a spotlight on the little-noticed provision.
What possible excuse is there for this? It applies only to couples with over $500k in capital gains? Why are taxpayers bailing them out? Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
Plus, in the stimulus package, there just so happens to be a major tax break for real estate investors. Jared’s family company could save a lot of money (and so could the Trumps).
A small change to tax policy, tucked into the stimulus bill, could hand $170 billion in tax savings to... real estate tycoons
"The federal government’s planned $2 trillion economic rescue package includes ..a potential bonanza for America’s richest real estate investors." The estimated cost is $170 billion.
As if Jared Kushner's involvement in coronavirus response wasn't already preposterous enough (between the nepotism and his brother's company) now we learn that there's a huge tax giveaway for people like him and his family in the stimulus package.
A small change to tax policy engineered through Congress’ coronavirus stimulus package could generate $170 billion in tax savings to real estate players like the Trumps and Kushners.
All that snickering about the House Democrats putting funding for the Kennedy Center etc into their stimulus wish list, while Senate Republicans successfully hid a $170 billion tax break for real estate tycoons in the final package
Gee. Why would any of our elected officials want to help out rich real estate tycoons? Can't figure this out. What happened? Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
Oh good we're offering real-estate tycoons a $170,000,000,000 tax break with retroactive give-backs to cover the losses they suffered from coronavirus in 2018 and 2019
A rube sells off their stocks based on Senate intelligence pandemic briefings. The long play is to use the pandemic to change the law to allow your business to engage in massive rent-seeking and tax-avoidance.
DON'T FORGET THE NEEDIEST: On page 203 of the stimulus bill, there's a tax tweak that could save real estate investors $170B over 10 years. shines a spotlight on the little-noticed provision.
Senate GOP likely created a $170B windfall for the country's wealthiest real-estate investors through a small change to the stimulus bill that reestablishes a tax loophole that both Trump and Kushner have used in the past to avoid paying taxes
Congress spent yesterday fighting over whether $600/week in unemployment insurance to laid off workers is too much. Meanwhile, buried in the bill was a tax break that will benefit wealthy real estate developers to the tune of $170 billion over 10 years.
Honestly, you can't make this shit up
New Scandal: #COVID stimulus bill sneaked in a huge tax break for greedy Trump & Kushner while mostly screwing the little people.
In never waste a crisis news: rich real estate investors got a 160 billion dollar tax break, retroactive to 2018, in the new “stimulus” bill. Draining the swamp indeed.
“Among the possible beneficiaries of the change are real estate investors in President Trump’s inner circle.”Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
Next time Republicans complain about extraneous stuff in #COVID bills, remember this: someone stuck a $170 BILLION tax giveaway, "an easy-to-overlook provision," into our CARES bill.
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
Tucked into the #StimulusBill, something to benefit the #TrumpCrimeFamily, , and their wealthy cronies and donors Not. One. Penny. Strip it out in the next package
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package
Crisis capitalists are always lurking at times like this. #covid19
Nice to know that some people will benefit from #COVID19 Stimulus Package - you guessed it #thericharegettingricher
2/ losses generated by depreciating his companies’ properties, despite his significant wealth and earnings from other sources, according to confidential financial documents."
Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package