General Discussion
In reply to the discussion: Democrats should say they'll restore the full State Income & Property deduction for wage earners [View all]Lee-Lee
(6,324 posts)in all the red and purple states.
Because in all those states in order for your property and local taxes to be so high that is goes over a doubled standard deduction you have to be very wealthy in a real, real expensive house.
While I get the reasoning behind this, because we need to keep those seats from those solidly blue states blue, I think it will hurt in the long run.
The devil will lie in the implementation. Are you going to restore the SALT deductions while keeping the doubling Standard Deduction? If so, then they will scream it is a giveaway only to the select few rich people in high tax states. Are you getting rid of the bigger standard deduction? That will let them scream you are raising middle class taxes to benefit the rich.
And if you allow the doubled standard deduction and the SALT deduction on top of that, how does that affect the deficit because that will mean even less money coming into the Treasury? Is that made up? If not then it makes all the talk about how this will affect the governments income seem hollow.
I expect this will backfire against us in more states than it helps in. I hope Im wrong, but spending my time here in NC and TN I know how that will be spun, and it wont help efforts here.