The folks who’ll get hosed under this are dinks living in high state income tax states.
And Trump just popped up on my T.V. screen, saying that he's "giving me a GREAT Christmas present TAX CUT". I want to smash the set...or better yet, spit in his face.
The extent to which dinks get hammered depends on how heavily they were hit with AMT otherwise. My kids do not impact my taxes significantly at all... the increase in CA state income tax for me would be 20x the increase in federal income tax based on my 2016 #s.