[riverdawg]

“I would count on the congressmen from the high tax states to oppose if the deduction for state taxes is eliminated.”

Is that part of the proposal?

[Sacajaweau]

a very small loophole...get rid of it....no big deal...

This deduction doesn't effect the state one bit.

[jcon40]

Yes. The Wa Po says Fed tax deductions for state taxes paid are to be eliminated ...

https://www.washingtonpost.com/business/economy/trump-to-unveil-proposal-for-massive-tax-cut/2017/04/26/2097fe42-2a94-11e7-be51-b3fc6ff7faee_story.html?utm_term=.242255045fbe

>>>> And Trump’s advisers are looking to ax some tax breaks that are very popular in certain states, including the deduction Americans take for the state and local taxes they pay separately each year. Eliminating this deduction could save more than $1 trillion over 10 years but inflame lawmakers and governors in states that have high income tax rates. <<<<

[jcon40]

Capital gains to go down from 23.8% to 20%

As per NYT

Big whoop. ....

[nopardons]

YES and that is a pill many in BOTH House won’t swallow!

[spokeshave]

“I would count on the congressmen from the high tax states to oppose if the deduction for state taxes is eliminated.”

think so....along with eliminating property tax deduction

But basic family deduction is doubled.