I have no interest in subsidizing leftists/Californians who, with such deductions, get to pass on to the rest of the country at least part of the cost of their socialism.
I am against any tax bill which increases the number of citizens who pay no income tax. Everyone should have a skin in the game.
The real story here is that the GOP has no interest in reining in out-of-control Federal spending. Their spending habits have forced them to accept the status quo on the revenue side, or adopt a “tax reform” package that has almost no constituency behind it.
Eliminating the tax deduction on taxes especially you already paid is taxing money you’ve already paid as taxes. Double taxation is grossly unfair and not something I voted for.
Not only that, but this will devastate the housing market.
I rather they keep the current tax law, bad as it is.
Tax reform bill that does away with the state and local tax deduction to your federal taxes, widely used by middle class Californians.
However the grand plan will give the state more money for entitlements to the illegals all dots are connected,
Worrying about short term self induced problems in California is like giving them cough syrup for lung cancer.
What will really happen is that the Laffer curve will engage in the middle classes. This can result in many things:
1) The rapid expansion of the gray and black markets. Many more private sales in cash.
2) More business departures from the state, resulting in big jumps in unemployment.
3) Lots of tax avoidance (legal) and evasion (illegal).
4) Asset preservation out of state. For example, selling a house in California at a slight loss, then buying a house in Florida, where state law prohibits the bankruptcy sale of a primary residence. Then renting a room for cash from a friend in CA.
5) Removing all fungible items out of state prior to sale.
The list goes on and on. And not only does it result in lower tax revenues, it will likely substantially increase government expenditures.
Of course the legislature will not reduce its profligate spending by a thin dime, likely increasing spending on ever more frivolous things.
Obamacare and now this idiocy.
This should completely finish off the middle class.
Middle class was a quaint notion back in the middle of the 20th century.
Today, government desires a wealthy elite class with the rest of the chattel dependent on government.
Regarding most (all?) of the federal deductions that I have heard about concerning the RINO Trojan Horse tax plan, patriots are reminded of the following.
Just as with the failed Obamacare repeal, the states have never expressly constitutionally delegated to the corrupt feds the specific power to tax and spend for the reasons addressed by those deductions imo.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” Justice John Marshall, Gibbons v. Ogden, 1824.
"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]." —Gibbons v. Ogden, 1824.
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
Consider that the ultimate tax reduction plan is for patriots to support Pres. Trump in working with the states to repeal the ill-conceived 17th Amendment (17A) imo. The 16th Amendment (16A) can disappear too.
Patriots must first make sure that there are plenty of Trump-supporting candidates on the primary ballots who will commit to express-laning a ConCon for the specific purpose of repealing 16 & 17A.
For those patriots concerned about a possible overthrow of the country by a pirated ConCon, note that the product of a ConCon is never a new amendment to the Constitution, but a proposed amendment that the states can either reject or ratify.
Once 16 & 17A are repealed, and patriots support Pres. Trump in working with the states to put a stop to unconstitutional federal taxes, the states will probably find a tsunami of new revenues that they won’t know what to do with.
For starters, they can establish their own healthcare and retirement programs, increase funding for public schools, police and fire departments, and repair infrastructure, ultimately depending on what the legal majority voters of a given state want.
Consider that repealing 17A will also effectively secede the states from the unconstitutionally big federal government imo. (Are you listening Gov. Brown?)
Drain the swamp! Drain the swamp!
No, they are going to cut the subsidy that California gets from all federal taxpayers.
If California Republicans do not like high state taxes, they should take it up with the state, or move to an efficient state.