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To: Alberta's Child
He’s going to oppose any budget or tax bill that threatens the Federal deduction for these taxes. That’s probably the same reason for every GOP “No” vote in NY and NJ.

I'm actually surprised none from CA voted no. Having lived in CA, I needed to deduct those SAL taxes.

I heard one R analyst say this is what happened during Reagan's term. They got rid of the credit card interest deductions as a trade off for lower taxes. Problem was, when Clinton raised taxes again, we were screwed.

I'm not for compromising on SALT. Let them cut spending elsewhere.

81 posted on 10/27/2017 8:21:55 AM PDT by CAluvdubya (<---has now left CA for NV, where God/guns have not been outlawed! She's done and he's won!)
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To: CAluvdubya
I suspect there are a lot of people in California who either don't itemize, or who can't take advantage of the SALT deduction due to AMT issues.

In this case, Congress is apparently going to drop the SALT deductions in exchange for a higher standard deduction.

82 posted on 10/27/2017 8:25:37 AM PDT by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
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