Better than nothing, better than the $10K on property taxes-only initially proposed by the House, but still a $9K increase in "taxable income" for yours truly in the Peoples Republic of Pennsyltucky.
Some "Christmas present".
HUMBUG.
It’s likely your tax rate will come down however, off setting what you owe (I don’t know the final bands)
I guess their thinking was that poorer religious people don’t live in big homes.
To be honest I don’t live in a big house so I don’t get hit as hard as others.
Sorry to hear what’s happening, but big banks and big business come first to the Uniparty as embodied in Mitch McConnell, Paul Ryan and his lackey, your congressman and mine Scott “Patriot” Perry.
Yup - thanks for the crumbs from your table GOPe.
They know full well that state, local, and property taxes for millions and millions of middle class Americans well exceedes $10K.
And since they screwed with many other things with this tax hike bill, unless you have enough mortgage interest or other deductions, you won't be able to itemize and therefore you won't.
The GOPe even stated that they now believe itemizers will fall to less than 6% nationwide - which was their goal, so they could extract more money from all of us to "pay for" the massive giveaways to the corporates and the donors.