Archive for the ‘Republican’ Category

After Trumps Acquittal, It Will Only Get Worse for Republicans – Yahoo News

(Bloomberg Opinion) -- The Senate trial of President Donald Trump is proving less Soviet than expected. Representative Adam Schiff of California, the House impeachment manager, last week presented a coherent, damning and often eloquent narrative of Trumps guilt, backed by text messages, emails, letters and sworn witness testimony previously delivered to the House.

As my colleague Jonathan Bernstein points out, the weight of such facts can alter political gravity. Even Republicans who have made up their minds to acquit which almost certainly describes the entire GOP caucus have had to sit through the avalanche of evidence. Surely it weighs on at least a few consciences. Meanwhile, writes New York magazines Jonathan Chait, ignoring the facts carries risks of its own: The impeachment trial is an exercise in displaying the Republican Partys institutional culpability in Trumps contempt for the rule of law. At some point, they will have to decide to damn the president or to damn themselves.

Its a foregone conclusion: Republican senators will damn themselves to infinity and beyond. The question isnt what Republican senators will decide next week, but where the Republican Party will go after Trumps acquittal. That answer, too, is alarmingly clear: further downward. From 1994 to 2015, give or take, the party was tumbling down a slippery slope. Since 2016, Republicans have been falling at 32 feet per second squared.

Acquitting Trump is not the same as shrugging at the presidents venality and vindictiveness, or mumbling and walking away when a reporter asks whether you believe its OK to solicit foreign sabotage of a U.S. election. Acquitting Trump is a bold, affirmative act.

The acquittal will mark the senators as political made men. It will be their induction into Trumps gangster ethos, using constitutional powers to enable corruption. For those who have hovered on the periphery of Trumps political gangland, there is no route back to innocence.

Many long ago crossed that Rubicon, proclaiming their fealty tothe chosen one. But acquittal will transform even the most reticent Republicans into conspirators against democracy and rule of law.

It will not be long before they are called upon to defend the indefensible again. And they will do it, acquiescing to the next figurative or literal crime just as they did to Trumps videotaped boast of sexual assaults, his horrifying sellouts to Russian President Vladimir Putin, his personal use of charitable contributions intended for veterans, his brutality toward children, or hisquotidian blitzes against decency and democracy.

Schiffs repeated use of the word cheat to describe Trumps posture toward U.S. elections was less an accounting of past performance than a guarantee of future results. No one is really making the argument, Donald Trump would never do such a thing, because of course we know that he would, and of course we know that he did, Schiff told the Senate last week. Hell do it now. Hes done it before. Hell do it for the next several months. Hell do it in the election if hes allowed to.

Whether the game is golf or politics or business, Trump cheats. On trial for seeking foreign interference in the 2020 election, after having been the beneficiary of foreign interference in the 2016 election, Trump will find many willing accomplices before November. His presidency is a strategic boon to multiple U.S. adversaries, most prominently Putin. Another modest investment in Trumps presidency could yield an even larger return destroying, for a generation or more, American democracy not only as a vehicle of ethical government but also as a protector (aspirationallyif not always actually) of human dignity.

This is not cynicism. Its the reality of U.S. politics in 2020. Acquitting Trump will destroy whats left of the Republican Partys claims to ethical legitimacy and pave the way for the further erosion of democracy. The only question that remains is how much more corruption the non-MAGA majority of Americans is willing to take.

To contact the author of this story: Francis Wilkinson at fwilkinson1@bloomberg.net

To contact the editor responsible for this story: Michael Newman at mnewman43@bloomberg.net

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Francis Wilkinson writes editorials on politics and U.S. domestic policy for Bloomberg Opinion. He was executive editor of the Week. He was previously a writer for Rolling Stone, a communications consultant and a political media strategist.

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After Trumps Acquittal, It Will Only Get Worse for Republicans - Yahoo News

Meadows says Senate Republicans would face "political repercussions" for breaking with Trump during trial – CBS News

In an interview with "CBS Evening News" anchor Norah O'Donnell, Congressman Mark Meadows said there would be repercussions if Republicans break with President Donald Trump on impeachment. O'Donnell sat down with impeachment defense surrogates Representatives Meadows, Doug Collins, Elise Stefanik and Debbie Lesko.

"Do you think Republican senators face political repercussions if they break with the president?" O'Donnell asked.

"Yeah, I do. I mean listen, I don't wanna speak for my Senate colleagues. But there are always political repercussions for every vote you take. There is no vote that is higher profile than this," Meadows said Monday.

Collins said the question "needs to be flipped."

"Where is a courageous Democrat who will actually look at the facts and vote in favor of not impeaching this president?" Collins asked.

"My question is: Where is a Democrat who will actually look at the facts and not simply follow behind Nancy Pelosi and Adam Schiff and Chuck Schumer, or their presidential candidates who are sitting in the jury pool, and follow them?"

O'Donnell also asked about Republican senators who may vote to call witnesses, and whether they would face political consequences for doing so.

"I think this witness question... is a very important one," Stefanik said. "Oftentimes, we're asked over 50% of the American people want the-- us to call witness. That doesn't just mean John Bolton. That means the whistleblower. That means Hunter Biden. And it really opens up challenges for the Democrats."

Watch more of O'Donnell's interview with Meadows, Collins, Stefanik and Lesko on the "CBS Evening News," Monday, January 27 at 6:30 p.m. ET.

2020 CBS Interactive Inc. All Rights Reserved.

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Meadows says Senate Republicans would face "political repercussions" for breaking with Trump during trial - CBS News

Key Republicans seek ban on intel sharing with countries that use Huawei – C4ISRNet

WASHINGTON Key House Republicans have introduced a bill that would bar U.S. intelligence sharing with countries that allow telecom giant Huawei in their next-generation wireless networks.

The Jan. 27 bill would potentially downgrade Americas special relationship with the U.K., which is reportedly expected to grant Huawei some access to its nascent 5G network. Such a move by London would be a loss for the Trump administration, which has aggressively campaigned against the company, arguing Chinese governments links to the firm mean it poses an espionage threat. (Huawei denies the allegations.)

I think that if they make that decision that they have Huawei in their 5G, then we have to recalculate and reassess whether or not they can continue to be among our closest intel partners, Rep. Liz Cheney, one of the bills sponsors and the No. 3 Republican in the House, told reporters Monday.

I would urge the administration to go through and look at that. I think it would fundamentally alter the relationship we have with the U.K., if the U.K. adopts Huawei in its 5G network.

As Washington works to maintain Americas technological edge against China, it has been wrestling with just how to shape the role that Huawei is playing in developing 5G networks worldwide. Several China critics on Monday Cheney, Jim Banks, R-Ind., and Rep. Mike Gallagher, R-Wis. met with reporters to argue the lure of cheap telecom equipment, subsidized by the Chinese government, is not worth the risk of Beijing gaining access to the vast amounts of data that would travel over nations new networks.

U.K. Prime Minister Boris Johnson is expected to decide as soon as this week whether to abide public and private warnings from President Donald Trump and other American officials. Johnson has, according to the Financial Times, been looking at imposing a market share cap on Huawei, which would allow it to provide non-core telecom gear, like the antennas and base stations seen on rooftops.

In Germany, Interior Minister Horst Seehofer, Berlins top security official, was quoted Jan. 25 as saying Germany must be protected against espionage and sabotage, but estimated that shutting out Chinese providers could delay building the new network by five to 10 years.

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I dont see that we can set up a 5G network in Germany in the short term without participation by Huawei, Seehofer told the daily Frankfurter Allgemeine Zeitung.

The Trump administration itself is struggling to decide how far to go with its restrictions on Huawei, which is already on a U.S. export blacklist. The Defense Department objected to a proposed change to Commerce Department regulations aimed at making it more difficult for U.S. firms to sell to Huawei from overseas facilities, the Wall Street Journal reported.

Sens. Ben Sasse, R-Neb., Tom Cotton, R-Ark., and Marco Rubio, R-Fla., complained in a Jan. 24 letter to Defense Secretary March Esper, demanding a briefing and arguing the rule change would have rightfully, effectively disrupted the supply chain of the Chinese Communist Partys tech puppet.

Cheney and Banks proposed their legislation as a companion to a Senate bill Cotton introduced Jan. 8. While the new House bill adds some weight to repeated public threats from Secretary of State Mike Pompeo that the administration would curtail intelligence and military cooperation with countries that allow in Huawei, its unclear how far either chambers bill will go.

Were getting a growing number of interested colleagues signing onto it just because were giving the administration leverage with this legislation, Banks said, to send a signal to our allies that theyre making a grave mistake in compromising their data and potentially our national security and related intelligence data, if they choose Huawei.

Though Banks, the lead sponsor of the House bill, predicted Monday it would attract bipartisan support, even some key Republicans were unprepared to take such a hard line against the U.K., a member of the Five Eyes intelligence network which also includes the U.S., Australia, Canada and New Zealand.

Lets wait until they make the decision and see what the decision is, Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, said Monday of lead British officials. Our intelligence sharing, not only with Great Britain, but the Five Eyes, and a handful of others is really critical. Theyre dovetailed together, and theyre really important.

In the Senate, a separate legislative proposal would dedicate $1 billion to spur the development of Western-based alternatives to Chinese telecom equipment. Its sponsored by Rubio, as well as Senate Intelligence Committee Chairman Richard Burr, R-N.C., and Ranking Member Mark Warner, D-Va.; Bob Menendez, D-N.J.; Michael Bennet, D-Colo.; and John Cornyn, R-Tex.

Weve been saying, Dont buy Huawei, but we havent been offering a broad-based Western-financed alternative, Warner said Monday.

Warner hinted he would not favor a change in the intelligence relationship with the U.K.: I think the British are our longest, best ally and a great, great partner. I dont think Im going to make those kinds of threats."

The Associated Press contributed to this report.

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Key Republicans seek ban on intel sharing with countries that use Huawei - C4ISRNet

Republican Senators May Save Trump, but Trump has Already F*cked Them – The Daily Beast

For all his cognitive deficits, blistering ignorance, and unsubtle grifting, Donald Trump excels in one area: spectacle. No Democrat on the political scene can rival him in the creation of monstrous shitshows, cringetastrophies, and dear-God-is-it-time-for-Dad-to-go-to-managed-care moments of pure Gantryesque spectacle.

All of the cultural divides, political tribalism, and ideologically segregated media silos that made Trumpism possible are now converging in a fast-approaching singular moment of political danger for this nation, when a handful of senators will be required to make the most fateful decision of their lives.

They will almost certainly fail that test, and the nationthe rigged rules that Mitch McConnell introduced Monday eliminated any remaining doubt about that. Yet Democrats, as they so often do, believe this trial against Trump will be waged and won on facts, reason, honor, and the power of institutions to hold the line against corruption, criminality, and chaos.

But Republicans are planning a show, not a trial. The sooner Democrats start realizing this, the better off theyll be.

Trumps legal team, including not one but two of Jeffrey Epsteins defenders, wasnt selected on the basis of academic prowess, knowledge, or experience, but notoriety and willingness to work for this unapologetic criminal. Its biggest names are representing Trump not in spite of but because of the fact that they are flashy media characters.

The Democrats will need to show not only expertise on the subject matter at hand, but some passion and fire in the course of this. Theyll need to bring more energy and direction to the floor of the Senate. Trump and McConnell arent hiding their cards: Rules are for suckers; dignity is for marks; and this is a bar fight, not a debating society.

Republican senators are following the Donalds and the Turtles lead, treating the impeachment proceedings not as the forum for answers and accountability that Americans are after, but as a stunt. Martha McSally, who seems determined to go down in flames in purple Arizona, gave away the game when she tried to convert her entirely affected burst of snippy temper at CNNs Manu Raju into a fundraising blitz. Ted Cruz, looking for all the world like the cumulative result of cascading replication errors from cloning Wolverine too many times, is putting out drama-queen performative fan club videos for Trump. Why not burn down the Republic in defense of Trump and make some sweet email-marketing bank off it?

Democrats should stop falling for the stupid bluff, and the calls to put Hunter Biden and Adam Schiff on the stand. The White House and McConnell really dont want to open the door to witnesses, and this is a see-through intimidation tactic and attempt to shift the trials focus away from, you know, the president whos been impeached for his conduct.

Republicans are seeking a circus, not solemnity, to provide base-motivating outrage fuel for the Trump campaign and Fox News. (But I repeat myself.)

As things kick off next week, expect a lot of hair-pulling, foot-stomping, outraged why-I-declare moments from the usual suspects who combine adoration of Trump with addiction to the cameras. Expect all the furrowed brows, worry, and woulda-coulda from the Squishy Six in the Senate. Expect McConnell to rule with an iron fist and race this thing in for a hard landing. Just dont expect the facts of the case to matter in the trial itself.

Democrats, you cannot shame the Senate Republicans. There are no questions that will lead them to the truth, because the absolute, corrosive corruption of Trumpdemands that they humiliate themselves with paper-thin defenses of Trumps lies and abuses of power. The Washington media model of asking questions with the presumption that theyre going to be answered in good faith has been pushed to the breaking point by the Trump era.

Sure, theyre scared of Trump out of the usual FOMT (Fear of Mean Tweets), but theyre absolutely terrified of Mitch McConnell, keeper of the National Republican Senatorial Committee purse, and a right bastard if crossed by members of his own caucus.

No amount of editorial pressure from hometown papers will move them one inch.Letters to their offices will be shredded. Emails will be ignored. Unless their constituents are in their offices, and in their faces in huge numbers, they intendto simply wait until Mitch blows the final bugle and puts the impeachment proceedings into the ground.

The only chance to bring around even the Susan Collinses of the GOP is to increase the pain, raise the ad volume to ear-splitting and bombard their districts with shock-and-awe-level media firepower. You cant shame them, but you can scare them.

Theres just one thing that scares them, and McConnell: money.

Its too bad Mike Bloomberg and Tom Steyer are burning mountains of it on bonfires of their own vanity because the one thing that McConnell and the GOP Senate caucus do understand is television, cable, and digital ad buys hammering them, hard, over protecting Donald Trumps corrupt criminal enterprise.

Some outside groups are in the game (Im a co-founder of the Lincoln Project, one of the groups active in this fight), but until the ads are so hot and heavy that GOP senators want to kick in the screen and enter Witness Protection, McConnell will hold them firmly in check for Trumps benefit.

The purpose of hitting these Republicans with paid media, grassroots contact, and other pressure isnt only to change their votes on the impeachment questions of witnesses, testimony, and other evidence.

Its also because the safest bet in Washington is that when theres one layer of a Trump scandal, theres more. Facts about the Ukraine deal will come out, drip drip drip, for the rest of this election year and beyond. Thats been the entire history of this administration. Susan Collins, Cory Gardner, Thom Tillis, Martha McSally, and the rest are making a terrible, stupid bet if they think that once they acquit Trump in the Senate, the story is over.

In Trumpworld, it never gets better. It never produces exoneration, only more evidence of guilt. The only easy day was yesterday.There will always be another story, another scandal, another member of the weird group of Trump clingers and hangers-on involved in grand and petit scams, lawbreaking, and scumbaggery.

Its happening even as I write this, with the explosive Parnas information. None of the new revelations will appear on the floor of the Senate if Mitch McConnell chokes them out, but those revelations will become fodder for a hundred attack ads against Trumps cronies.

They may let Trump skate, but theyll take the hit for covering up his guilt and joining his ongoing criminal conspiracy to obstruct justice. He wont give half a damn about any of them.

Why Democrats and outside interest groups aligned with them cant internalize this simple strategy is beyond me. Every single one of Trumps lackeys up for re-election in 2020 needs to come homeunder continuous and withering media assault across all channels.

The Trump Suicide Squad in the Senate is ready to cripple itself to keep him standing. Whats at stake in this impeachment isnt simply the fate of Donald Trump. Their overtly political decision to wreck the impeachment process will permanently alter the balance of governmental power.

The GOP has for too long been too eager to put too much power in the hands of the president, but AG Bill Barr and Trumps tiny-handed grab at executive power is so expansive, so dangerous, and so eminent that when this is over, Congress will be reduced to a talking-shop with no true law-making function and barely any budget authority. After all, the GOP has already laughed off the GAO report that explicitly outlines the illegal nature of the Trump administrations withholding of aid to Ukraine. Democrats havent used their power to enforce oversight and accountability by letting the White House middle-finger them every day.

House Democrats arent helping here either. Theyve let Trump cover up the crimes of his hoods, thugs, and cronies by successfully cockblocking testimony, document production, and cooperation by stonewalling the House of Representatives, with absolutely zero legal consequences.

We are well past the point where the Constitution or the rule of law matter to Republicans. They know they are close to a victory that will exonerate a guilty man, and they give zero fucks in that regard.

But they will. History doesnt just operate with a kind of karmic justice, but also with a kind of profound ironic sensibility. Defending Donald Trumps corruption and criminality will lead the GOP to a place in history as footnotes, as patsies, as stooges laughably committed to a man who they damn well knew was guilty. No one remembers the defenders of Nixon, or Grant, or any other corrupt leader as anything but petty henches.

Trump may avoid the judgment he deserves, but the senators will not.

Ive taught this lesson a hundred times, but its going to take more, apparently, for it to sink in.Nixons Republican defenders were blown out in 1974. Why? They defended what the public rightly saw as corruption. In 1994, a Democratic speaker of the House lost his seat and his majority when it was clear he was a party to ascandal with the House Bank and House Post Office. Corruption kills, and it kills its defenders as thoroughly as the ones engaged in it.

Watergate was small-ball compared to whats happening in Washington right now. Bill Clintons impeachment was a footnote compared to the roaring bonfire of abuse of power, corruption, criminality, and chaos caused by this president.

The GOP will be judged harshly by history because they know better. Republican senators, despite the pressure from Trump and McConnell, know exactly who Trump is. They know what Trump is. They know hes a con man, a criminal, a character of the weakest and loosest moral fiber. They know hes a faithless, feckless, foolish man driven by ego, spite, and avarice.

Their campaigns will be miserably harder because theyre willing stooges, but thats just the start.

The conceits that GOP senators hold in their minds are astonishing.First, if they believe that Trump voters will thank them in some way, theyre not paying attention.Trump voters hate everyone except Trump. No points for being a bootlick, especially if the senator evereversaid a cross word about Trump; just ask former golden boy Matt Gaetz.

Republicans may well win this stacked trial in the Senate, but they have done themselves in.

Being thrown out of office stings, but becoming a punchline in political history, a footnote, a joke at best, is the deepest cut. Being held up in American object lessons in cowardice, failure, and disgrace is whats coming.

They swore an oath on the floor of the Senate on Thursday that they intended to break from the very beginning.

They knew the moment they stepped before the clerk and signed that they were already compromised, already done, already preparing your betrayal. As they race to exonerate a guilty president, besmirch the character of the Senate, and shame themselves as leaders, perhaps they can find some small consolation in knowing that the ratings of this reality show will be historic.

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Republican Senators May Save Trump, but Trump has Already F*cked Them - The Daily Beast

How Republicans made millions on the 2017 tax cuts they pushed through Congress – Vox.com

When the price of Apple stock hit a then-record high in October 2018, among the shareholders counting their gains were 43 Republicans in Congress, who collectively owned as much as $1.5 million worth of the tech giants shares.

Apples stock jumped 37 percent in its runup to that record. Several variables were behind the climb, including higher-than-expected earnings. But congressional Republicans themselves had a hand in the spike, stock analysts say. Legislation they championed the 2017 Tax Cuts and Jobs Act doled out nearly $150 billion in corporate tax savings in 2018 alone. One effect: a big boost in stock prices.

Cutting tax rates for companies like Apple and hundreds of other stocks they own was one of many ways Republican lawmakers enriched themselves after they passed the tax law, according to a Center for Public Integrity analysis of the 186-page law and members financial disclosure forms. Democrats also stood to gain from the tax bill, though not one voted for it; all but 12 Republicans voted for the tax bill.

As part of the bill, Republicans approved tax breaks in 2017 for seven classes of assets many of the wealthier members of Congress held at the time, including partnerships, small corporations, real estate, and several esoteric investment vehicles. While they sold the bill as a package of business and middle-class tax cuts that would not help the wealthy, the cuts likely saved members of Congress hundreds of thousands of dollars in taxes collectively, while the corporate tax cut hiked the value of their holdings.

It feels to me like a kleptocracy, said Jeff Hauser, director of the Revolving Door Project at the Center for Economic and Policy Research, a left-leaning think tank in Washington, DC.

Such congressional self-enrichment has been thrust into the 2020 presidential campaign. Democratic candidate Sen. Elizabeth Warren has said her first priority as president would be to pass an anti-corruption package that, among other things, would forbid members of Congress from owning individual stocks, bonds, and other securities so they could not benefit from tax or financial laws they passed.

Under current law, members of Congress can trade stocks and then use their powerful positions to increase the value of those stocks and pad their own pockets, Warren wrote in a September Medium post.

Two years after the passage of the Trump tax act, its effects some obvious, some hidden are coming into focus. One is its cost: Contrary to Republican claims, the law is not paying for itself and is likely to burden the nation with an additional $1.9 trillion in debt over 11 years beginning in 2018, according to the Congressional Budget Office.

And while the law cut tax rates for people of all income brackets, some of its tax benefits overtly favored the wealthy, such as the 2.6 percentage point tax rate cut in the highest bracket and the doubling of the estate tax exemption to $11.2 million. Other provisions were subtler yet favored the wealthy even more: tax breaks for their investments, for instance, or changes that boosted the value of their stocks. Among the rich beneficiaries are members of Congress, more than half of whom were found to be millionaires in 2014.

The tax laws centerpiece is its record cut in the corporate tax rate, from 35 percent to 21 percent. At the time of its passage, most of the bills Republican supporters said the cut would result in higher wages, factory expansions, and more jobs. Instead, it was mainly exploited by corporations, which bought back stock and raised dividends. In 2018, stock buybacks exceeded $1 trillion for the first time ever, according to TrimTabs, an investment research firm. Net corporate dividends reached a new high in 2018 of more than $1.3 trillion, nearly 6 percent more than the previous year. The result, analysts say: The buybacks boosted stock prices, and bigger dividends put even more money in the pockets of stockholders.

Promises that the tax act would boost investment have not panned out. Corporate investment is now at lower levels than before the act passed, according to the Commerce Department. Though employment and wages have increased, it is hard to separate the effect of the tax act from general economic improvements since the 2008 recession.

The boost in stock prices, however, was predictable. As the bill was reaching its final stages in 2017, Bryan Rich, the CEO of Logic Fund Management, a wealth advisory company, wrote that the proposed corporate rate cut will go right to the bottom line of companies popping EPS [earnings per share] and driving stocks even higher.

Those benefits mainly went to the rich, as the wealthiest 10 percent of Americans own 84 percent of all stocks. The 10 richest Republicans in Congress in 2017 who voted for the tax bill held more than $731 million in assets, almost two-thirds of which were in stocks, bonds, mutual funds, and other instruments, according to Roll Calls semiannual assessment of Congresss wealth.

The precise amount of Republicans windfall cant be determined without a review of the members tax returns, which they are not required to disclose.

All but one of the 47 Republicans who sat on the three key committees overseeing the drafting of the tax bill own stocks and stock mutual funds, according to Public Integritys analysis. Rep. Mike Kelly (R-PA) was among them. A member of the Ways and Means Committee, which oversaw the writing of the tax bill in the House, Kelly reported in 2018 that his spouse owned 101 individual stocks, Apple included, with a minimum total value of $439,000.

When he voted for the 2017 tax cuts, which will be funded by nearly $2 trillion in added debt, Kelly called it the most important vote Ive ever cast. Yet 19 months later, he voted against a two-year budget agreement that added to the national debt by hiking government spending for defense and nondefense programs by $320 billion. Kelly warned that America is driving toward a fiscal cliff.

Orrin Hatch (R-UT) was chair of the Senate Finance Committee in 2017, when he and his wife owned mutual funds and a limited liability corporation valued between $562,000 and $1.430 million, paying them between $12,700 and $38,500 in dividends and capital gains, according to Hatchs financial disclosure forms. They also owned a blind trust worth between $1 million and $5 million. (Congressional financial disclosure forms do not require members to report the precise value of assets and income but rather in 11 different ranges, each with a minimum and a maximum value.)

For decades, Hatch, who retired in 2018, had been one of the loudest deficit hawks in Congress. Just 10 months before he would shepherd the tax bill through his committee, Hatch said, The national debt crisis poses a significant and growing threat to the economic and national security of this country.

His concern over national security lasted two months. In April, Hatch signaled he was open to a Republican tax bill that would likely add to the national debt. When Republicans passed the tax bill in December 2017, he beamed. This is a historic night, he said at a press conference.

(The Center for Public Integrity sought comment from 13 current or former members of Congress mentioned in this article; only two responded.)

Republican lawmakers also boosted the value of their stock holdings when they encouraged American corporations to repatriate money they were holding overseas. The tax law decreed that future foreign profits would not be taxed at high rates, and that previously earned profits stashed abroad an estimated $2.7 trillion would be taxed one time at no more than 15.5 percent.

In 2017, Apple was sitting on $250 billion in overseas profits. In January 2018, the month after President Donald Trump signed the tax bill into law, the tech behemoth and third-largest American company said it would pay the new, lower tax and start bringing the cash home. Just four months later, Apple said it would buy back $100 billion of its stock and hike its dividend by 16 percent. Apple shares increased almost 9 percent by the weeks end. In April 2019, Apple announced $75 billion more in buybacks, a move analysts said would likely drive its stock price higher. A day after the announcement, shares increased in value nearly 5 percent. The stock continued to hit record highs late last year.

That increase and higher dividends augmented the holdings of 43 Republicans who voted for the tax bill, including seven senators and their spouses who owned Apple stock in 2018: John Hoeven of North Dakota; David Perdue of Georgia; Arizonas Jeff Flake, now retired; Jim Inhofe of Oklahoma; and the spouses of Pat Roberts of Kansas, Maines Susan Collins, and Shelley Capito of West Virginia. A spokesperson for Hoeven said that he follows Senate regulations and reporting requirements. Sen. Collinss husbands portfolio decisions are all made by a financial adviser, a Collins spokesperson said, and he has not bought or sold Apple stock since 2015.

Perdue is one of the wealthiest senators, with a net worth of $15.8 million, $14 million of which is in stocks, according to Roll Call. In 2018, with his wife, Perdue owned $100,000 to $250,000 in Apple stock, he reported. The couple sold some of it and received annual dividends and capital gains that year between $15,000 and $50,000.

The optics that the tax cuts would boost the prices of stock he owned apparently didnt concern Perdue. Weeks before Republicans passed the tax bill, Fox News host Maria Bartiromo asked Perdue if he was worried that the corporate cuts would result in buybacks and increased dividends instead of new jobs. Well, Maria, he answered, I come from the school that, you know, all of the above is acceptable. This is capitalism. He later added that it was all about capital flow, whether for jobs, economic growth, or dividends.

Passing a law that helped fuel increases in stock prices wasnt the only way Republicans enriched themselves. The new law also contained a 20 percent deduction for income from so-called pass-through businesses, a provision called the crown jewel of the act by the National Federation of Independent Businesses, a lobbying group.

Pass-throughs are single-owner businesses, partnerships, limited liability companies, (known as LLCs) and special corporations called S-corps. Most real estate companies are organized as LLCs. Trump owns hundreds of them, and the Center for Public Integritys analysis found that 22 of the 47 members of the House and Senate tax-writing committees in 2017 were invested in them.

Pass-throughs can be found in any industry. They pay no corporate taxes and steer their profits as income to business owners or investors, who are taxed only once at their individual rates. Despite their favored treatment as a business vehicle, the 2017 tax act did them another favor: It allowed 20 percent to be deducted off the top of the pass-through income for tax purposes.

In the Senate, the champion for the pass-through break was Ron Johnson, a Wisconsin Republican who was a Budget Committee member when the tax bill was being written. He argued that because the bill was slated to give big corporations a 14 percent cut in their tax rate, smaller businesses should get a break, too. I just have in my heart a real affinity for these owner-operated pass-throughs, he told the New York Times when the Senate was considering the tax bill in November 2017.

No doubt Johnson, with his wife, held interests that year in four real estate or manufacturing LLCs worth between $6.2 million and $30.5 million, from which they received income that year between $250,000 and $2.1 million, according to his financial disclosure form.

How much money lawmakers will pocket from the 20 percent pass-through deduction cant be determined without an examination of their tax returns. There are limits on how much of the deduction can be taken based on total income and business category. But in some cases, the tax savings could run into the tens of thousands of dollars. Johnson declined to comment for this article.

And while the provision did help small businesses in certain favored categories, the benefits of the pass-through deduction are heavily tilted toward the wealthy. Sixty-one percent of the benefits of this provision will go to the top 1 percent of taxpayers in 2024, according to the Joint Committee on Taxation, the congressional agency that analyzes tax bills.

Besides the laws benefits to real estate pass-throughs, real estate in general was hugely favored by the tax law, allowing property exchanges to avoid taxation, the deduction of new capital expenses in just one year versus longer depreciation schedules, and an exemption from limits on interest deductions.

If you are a real estate developer, you never pay tax, said Ed Kleinbard, a former head of Congresss Joint Committee on Taxation.

Members of Congress own a lot of real estate. Public Integritys review of financial disclosures found that 29 of the 47 GOP members of the committees responsible for the tax bill hold interests in real estate, including small rental businesses, LLCs, and massive real estate investment trusts (REITs), which pay dividends to investors. The tax bill allows REIT investors to deduct 20 percent from their dividends for tax purposes.

Real estate pass-throughs got an especially sweet gift in the form of a provision inserted into the tax bill behind the closed doors of the House-Senate conference committee. The Senate bill under consideration based a companys pass-through deductions on the total amount of wages paid to employees. Because real-estate pass-through companies typically have few employees, however, this meant they could offer only tiny deductions to investors.

A stroke of the pen fixed that: Someone changed the law to allow real estate companies to use the value of their assets in addition to the size of their payrolls to calculate pass-through benefits. Because such companies can hold sizable assets, suddenly they, too, could offer the full 20 percent deduction to investors.

In my judgment, it was a big giveaway to the real estate community, and they are very good lobbyists, said Steve Rosenthal, a senior fellow at the nonpartisan Urban-Brookings Tax Policy Center in Washington, DC. That giveaway contributed to last years record $1.02 trillion federal revenue shortfall.

One Republican senator who benefited from the last-minute provision was Tennessees Bob Corker, who at the time owned or was a partner in 18 real estate businesses, LLCs, and partnerships, records show. His reported income from them was between $2.1 million and $11.1 million in 2017. Corker, who retired in 2018, told Public Integrity he had nothing to do with the provision or the 20 percent pass-through deduction. It was all Ron Johnsons idea, Corker said.

The budget deficit is going up so that people like Ron Johnson and Bob Corker can pay less in taxes, said Hauser, of the Revolving Door Project.

Republicans wouldnt have had many of these apparent conflicts if Elizabeth Warrens anti-corruption plan had been in effect.

Much of the plan was pulled from her Anti-Corruption and Public Integrity Act, which she introduced in the Senate in 2018. Among its provisions, the bill would forbid lawmakers to own or trade individual stocks, bonds, commodities, hedge funds, derivatives, or complex investment vehicles. Members would be required to put their assets in widely held investment vehicles such as mutual funds. Warren and her husband were invested in 20 mutual funds in 2017, but no individual stocks.

Members could no longer own commercial real estate, though they could keep businesses with revenue under $5 million which could include a lot of pass-throughs. Warrens bill hasnt moved out of the Senate Finance Committee; an identical bill in the House also remains idle.

Warrens plan faces an uphill climb, even among Democrats. Its very difficult to get congresspeople to pass rules that make life exceedingly difficult for themselves, said Beth Rotman, the money in politics and ethics director at Common Cause, a government watchdog in Washington, DC.

But its happened in the past. In 1978, Congress passed the Ethics in Government Act in the wake of the Watergate scandal. It requires certain government officials, including members of Congress, to file annual financial forms records the Center for Public Integrity used for this analysis. And in 2012, Congress passed a bill that made it unlawful to use insider information to trade stocks, required members to report stock trades within 45 days of the transaction, and required lawmakers to file disclosure forms online in a searchable, sortable, and downloadable database so conflicts of interest would be easy to detect. (Within a year, Congress had removed the searchable and sortable language from the law. The financial disclosures are now available online, but they are not easily searched or sorted.)

Apparently just because of disclosure, stock trading by senators dropped by about two-thirds in the three years following the laws enactment, according to a study by Craig Holman at the government watchdog group Public Citizen. But Holman said he found that some senators continued to trade in stocks in the very businesses they oversaw in their committees a practice Public Citizen wants banned.

Ironically, it was Congress that passed laws that restrict other federal government officials from owning stocks or assets that would benefit from the officials decisions or require them to recuse themselves from such decisions. Yet Congress has not passed legislation that bans itself from the same practice. Congress should have the same rules put on them that the executive branch has, said Rotman of Common Cause. The executive branch conflict of interest rules are stronger.

For the 2017 tax act, Holman of Public Citizen notes that about six years ago, researchers found that more than half of the members of Congress were millionaires. They are passing tax laws and legislation that disproportionately favors the wealthy class, Holman said. And that means they personally benefit from this type of legislation.

And, from what weve seen, especially from the tax cuts and jobs act of 2017, he added, that tax bill clearly favored the very wealthy over the rest of Americans. And that means it favored Congress over the rest of America.

Peter Cary is a consulting reporter for the Center for Public Integrity, a nonprofit investigative news organization in Washington, DC.

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