Why? I haven’t drilled down into the details of Trump’s tax plan, but if it accomplishes all that’s being advertised, I expect complete solidarity with the President from the congressional Republicans.
Any Republican office holder who balks at a plan like that, should be sent packing.
Yet they is a deductible for mortgage payments. I don't have a mortgage, so I get no benefit at all and would lose a deductible. And as someone else mentioned, there's nothing about Capital Gains taxes.
I would be happy to have seen the giving of money, to people who did NOT pay taxes removed and a few other such things!
No NY, NJ, CA or IL republicans can vote for it, because it ends deductibility of state taxes.
That is political suicide in those states.
Ending deductibility of medical expenses is a problem also. This will hit me hard and I am urging my reps to preserve this or vote NO.