One Tax Loophole Untouched So Far: The Trump Golf-Course Break
- Deduction one of many benefits for commercial-property owners
- Real estate investors are saying, ‘I love it’: tax professor
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Republican lawmakers pushing to close dozens of tax loopholes have left open one that’s been good to President Donald Trump: the golf break.
With Senate Republicans expected to unveil the outline for a sweeping tax rewrite on Thursday, a lucrative break for golf-course owners -- including the president -- remains firmly in place in the House version of the measure. The Obama administration estimated in 2014 that closing the controversial loophole would save more than $600 million over a decade.