Trump Says G.O.P. Tax Bill Won’t Benefit Him. That’s Not True.

Trump Says G.O.P. Tax Bill Won’t Benefit Him. That’s Not True.
And I have already pointed out that the modest changes proposed for the tax treatment of so-called carried interest — one of the most
egregious loopholes — would have little or no impact on those who benefit from it, including wealthy real estate developers.
Real estate developers “didn’t lose anything they care about,”
and they got even more breaks, like a shorter depreciation schedule in the Senate tax bill, Mr. Holtz-Eakin pointed out.
Even among that affluent population, the additional breaks
that would benefit Mr. Trump and a small cadre of real estate developers like him stand out.
“This is not good for me.”
So surely at least a few of the most egregious loopholes that benefit Mr. Trump and real estate developers like him will be closed.
And, in another windfall for people like Mr. Trump, both the House
and Senate bills exempt “any real property trade or business” from the limitation on deducting business interest.
“Lower pass-through rates and the repeal of the alternative minimum tax — those two alone are so hugely beneficial to Trump
that I have trouble imagining any way that he wouldn’t come out ahead,” said Steve Wamhoff, senior fellow for federal tax policy at the nonpartisan Institute on Taxation and Economic Policy.