But the tax heist is gathering opposition even among Trumpanzees:
"Correct. I’ve been reading that as Trump has struck out with Repeal/Replace. And as he is
predicted to strike out with a new tax overhaul plan, the Senate would also screw him over on a new A/G pick."
If that's true then it's not Jeff Sessions who should be resigning right now -- it's President Trump.
116 posted on 11/3/2017, 6:54:04 PM by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
The proposed elimination of the state and local tax deduction is a
tax increase on millions of middle-class Americans. Screwing around with other aspects (like the standard deduction) does not change this fact or soften the blow to those who are already paying high taxes across the board. Moreover, those of us in high tax states are not “subsidizing” others via the deduction, because those in high tax states like CA, CT, NY, MA, and NJ pay out more to the federal government in taxes than the states recoup.
The elimination of the state and local deduction has
Paul Ryan’s dirty fingerprints all over it. It’s his baby. And he won’t let go of it - like a junkyard dog.
If they’re going to cut rates, they have to soak someone. And the group they’re choosing to soak are middle class, hard-working Americans.
This wasn’t what President Trump campaign on or promised. If this passes, he will lose the support of millions of Americans who voted for him. This is a stupid, bad deal.
10 posted on 10/17/2017, 3:25:07 PM by SkyPilot
= new reply since forum marked as read
