Still, not a single Republican senator complaining about the loss of all individual SALT deductions.
That’s an ominous sign.
Still, whatever mechanism kills it, I’m OK with it. While my tax situation is not ideal and I pay far too much, I would pay a LOT more under either plan.
A lot more. Thousands more every year.
We all know that is how they are financing this tax cut orgy for the corporations - on the backs of everyone else.
They have given away the store to the corporate cuts so badly that they had to look for loose change by eliminating virtually every single deduction that individual filers claim.
And still it isn't enough.
The plan is for the House members to vote for the bill (even those Congressmen from NJ, NY, IL, CA, etc that know it will screw their constituents).
The House members can claim there was a fig leaf of relief for the middle class regarding SALT deductions (they only cut off one finger instead of all 5), and then the Senate version won't even let us keep that one finger. Then the Conference Committee goes with the Senate version, and the House members shrug their shoulders and say "Hey, we tried. Sorry."
“While my tax situation is not ideal and I pay far too much, I would pay a LOT more under either plan. A lot more. Thousands more every year.”
Which is EXACTLY the point.
Why am I subsidizing your outrageous state and local taxes, when you SHOULD be screaming at your locals about it, instead?
Or do you not really care, as long as it isn’t YOU paying the bill for runaway liberalism and vote-buying?
SPOT ON AND YOU’RE NOT ALONE!