Friday, December 22, 2017

It's looting time in the Congress

Specific provisions in the bill ranging from tax reductions on pass-through real estate LLCs to flat tax deductions for oil and gas master limited partnerships are likely to have a significant impact on some legislators’ tax bills.

[...]

The Senate and House have similar ethics rules governing using the legislative process for personal financial gain. The section on conflicts of interest in the Senate Ethics Manual states: ‘‘No Member, officer, or employee shall knowingly use his official position to introduce or aid the progress or passage of legislation, a principal purpose of which is to further only his pecuniary interest.”

[...]

The Senate and House have similar ethics rules governing using the legislative process for personal financial gain. The section on conflicts of interest in the Senate Ethics Manual states: ‘‘No Member, officer, or employee shall knowingly use his official position to introduce or aid the progress or passage of legislation, a principal purpose of which is to further only his pecuniary interest.”

[...]

The House Ethics Manual says that “House precedents establish the rule that — where the subject matter before the House affects a class rather than individuals, the personal interest of Members who belong to the class is not such as to disqualify them from voting.”

  IB Times
Isn't that handy?

...but hey, do what you want...you will anyway.

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