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Axios Dec 18
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Last-minute tax break for real estate investors "air dropped" on Capitol Hill

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."