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Schumer: Democrats will try to overturn tax deduction cap
abcnews.go ^ | 10/22/2019 | Michael Balsamo

Posted on 10/24/2019 6:36:45 AM PDT by ChicagoConservative27

Senate Democrats are attempting to repeal an IRS regulation that is designed to keep people from exceeding the $10,000 limit on state and local tax deductions.

Democrats will force a vote, scheduled for Wednesday, to overturn the regulation through the Congressional Review Act, Senate Minority Leader Chuck Schumer told The Associated Press on Tuesday.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Government; News/Current Events; Your Opinion/Questions
KEYWORDS: democrats; overturn; schumer; taxdeduction
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1 posted on 10/24/2019 6:36:45 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Democrats want to lower taxes on rich people. Where is the outrage?


2 posted on 10/24/2019 6:39:33 AM PDT by beef (Caution: Potential Sarcasm - Process Accordingly)
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To: beef

Only their own rich people...


3 posted on 10/24/2019 6:41:31 AM PDT by fuente (Liberty resides in three boxes: the ballot box, the jury box and the cartridge box--Fredrick Douglas)
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To: ChicagoConservative27

This rule must be hitting some of the communists right in the a$$ for the communist party to want to revise it. Anything this POS wants should be automatically denied.
NY & CA do NOT run the rest of the country.


4 posted on 10/24/2019 6:41:38 AM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: ChicagoConservative27

This must really be putting some hurt on the blue strongholds. That deduction was probably for some the only way they could afford to live in those states.


5 posted on 10/24/2019 6:42:46 AM PDT by Tench_Coxe
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To: ChicagoConservative27

This needs to be defeated. Red State taxpayers have been paying for Blue state spending sprees because of this ability for their taxpayers to deduct their state taxes off their fed taxes.

Let the Blue State scum pay their own state socialist spending instead of shifting it to the Federal Taxpayers.


6 posted on 10/24/2019 6:44:47 AM PDT by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: ChicagoConservative27

My lib friends in NYC were squawking about this just yesterday, lol.


7 posted on 10/24/2019 6:51:15 AM PDT by miss marmelstein
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To: ChicagoConservative27

American taxpayers have NO OBLIGATION to SUBSIDIZE PROFLIGATE LIBERAL STATES!!!!


8 posted on 10/24/2019 6:52:12 AM PDT by G Larry (There is no great virtue in bargaining with the Devil)
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To: ChicagoConservative27

“He (Schumer) said Americans living in suburban neighborhoods in high-tax states, like New York and California, are already paying some of the highest property and school taxes in the nation and “for the federal government to then penalize them is so unfair.”

Lol, so the fedgov is now going to REWARD high tax states?!!


9 posted on 10/24/2019 6:53:14 AM PDT by JPJones (More Tariffs, less income tax.)
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To: ChicagoConservative27

Tax cuts for the rich.


10 posted on 10/24/2019 6:55:46 AM PDT by bray (Pray for President Trump)
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To: lgjhn23

If your SALT > $10000, then most of the country would say you are the rich buy the Dems want to tax. And then, they complain and fight to lower their taxes.

I’ll bet the legacy media will be all over this hypocrisy! /sarc


11 posted on 10/24/2019 6:57:29 AM PDT by beef (Caution: Potential Sarcasm - Process Accordingly)
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To: beef

Where is the OUTRAGE?

Where is the REPORTING of this “stealthy” defense of America’s wealthy elite by our dishonest, self-described “social-justice-warrior” Senators?

To be fair, with the economy so strong now, it DOES cost more to hire a “rent-a-mob” than it used to...

Nevertheless, I will email my Senators to report that I am not fooled by such “dirty tricks”!


12 posted on 10/24/2019 6:59:43 AM PDT by pfony1 (All Democrats LIE.)
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To: ChicagoConservative27

Wait a minute....I thought all these richer people wanted to pay more to the government.


13 posted on 10/24/2019 7:01:17 AM PDT by Sacajaweau
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To: Tench_Coxe

This must really be putting some hurt on the blue strongholds.

******************

That and lots of people are moving out of those blue strongholds. The financial squeeze is on.


14 posted on 10/24/2019 7:01:46 AM PDT by Starboard
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To: JPJones

“for the federal government to then penalize them is so unfair.”
No, Chucky. What’s “UNFAIR” is forcing the rest of the country to subsidize your high state taxes that ya’ll voted for. The rest of the country didn’t vote for any CA & NY state taxes. They did. Why should the rest of the country then have to subsidize it, moron.


15 posted on 10/24/2019 7:02:36 AM PDT by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: Sacajaweau

I thought all these richer people wanted to pay more to the government.

*****************

Yep, that’s what they all tell us. But the reality is that they are the ones who are putting pressure on their senators for tax relief. Once again, the hypocrisy is so blatant.


16 posted on 10/24/2019 7:05:36 AM PDT by Starboard
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To: beef

It’s just tax cut for their Rich friends


17 posted on 10/24/2019 7:17:09 AM PDT by butlerweave
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To: ChicagoConservative27

Some Freepers around here sound like a bunch of Marxist-Democrats. “Tax the Rich!” The tax bill’s rape of the middle class and upper middle class in order to “pay for” slashing the corporate rate from 35% to 21% cost us the House in the last midterms. And if you don’t believe that, you are not paying attention.


18 posted on 10/24/2019 7:24:41 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: ChicagoConservative27

Trump will veto. Senate will not override.
Another dog-and-pony show.


19 posted on 10/24/2019 7:36:12 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: SkyPilot
Some Freepers around here sound like a bunch of Marxist-Democrats. “Tax the Rich!” The tax bill’s rape of the middle class and upper middle class in order to “pay for” slashing the corporate rate from 35% to 21% cost us the House in the last midterms. And if you don’t believe that, you are not paying attention.

It's not tax the rich. It's tax the Liberals. And if you don’t believe that, you are not paying attention.

20 posted on 10/24/2019 8:23:26 AM PDT by ProudGOP
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