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Clarification: Tax Law-Winners and Losers story

Clarification: Tax Law-Winners and Losers story | iNFOnews.ca
FILE - In this Sept. 27, 2017, file photo, from left, Rep. Carlos Curbelo, R-Fla., Rep. Vern Buchanan, R-Fla., and House Ways and Means Committee Chairman Kevin Brady, R-Texas, confer before a news conference at the Capitol in Washington. Already one of the wealthiest lawmakers on Capitol Hill, Buchanan could become even wealthier after he and other Republicans muscled a sweeping rewrite of the U.S. tax code through Congress that has breaks for the industries that generate most of his income. The tax code overhaul signed into law late last year by President Donald Trump is especially generous to real estate businesses and car dealerships _ the main sources of Buchanan’s income. (AP Photo/J. Scott Applewhite, file)

WASHINGTON – In a story April 2 and April 3 about the winners and losers of the new tax overhaul, The Associated Press reported that Florida Rep. Vern Buchanan stood to receive a potential windfall from the legislation he helped shepherd. The story implied the amount of the windfall was at least $80 million. That figure is a minimum estimate of the congressman’s net worth, not the amount of a potential windfall.

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