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House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas., speaks to reporters on Capitol Hill. Photo: Susan Walsh / AP

"Trump, Real Estate Investors Get Last-Minute Perk in Tax Bill," by Bloomberg's Lynnley Browning and Benjamin Bain report: "Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process — one that would provide a multimillion-dollar windfall to real estate investors such as President Donald Trump."

"The change, which would allow real estate businesses to take advantage of a new tax break that's planned for partnerships, limited liability companies and other so-called 'pass-through' businesses, combined elements of House and Senate legislation in a new way."

  • "Republican Senator Bob Corker of Tennessee ... wrote [yesterday] to Senate Finance Committee Chairman Orrin Hatch seeking an explanation for how the provision came to be included in the final bill after being asked about it by a reporter."
  • Corker: "The suggestion was that it was airdropped into the conference without prior consideration by either the House or the Senate."

N.Y. Times Quote of the Day: Jeff Lajqi, manager of a Jewish deli in Livingston, N.J., where residents worry about the economic shock from Republican plan to limit how much property tax they can deduct on federal returns: "If they're raising the taxes, you know what's going to happen: Everyone's going to raise prices. Raise my taxes, I raise your challah."

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Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.

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