For your perusal . .
(Note: I’m still against the Covert Spending bill, so don’t flame me.)
“I’d still prefer much lower rates from Congress before I support.”
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I don’t see the sense in not providing deductions for local/state taxes. Why pay taxes of taxes? It’s a robbing Peter to pay Paul type setup.
New Jersey had seen a massive flight of money over the last 15 years due to their confiscatory income and estate taxes on very wealthy taxpayers. This reached the point of absurdity in 2015 when the legislature had to pass a mid-year budget adjustment after ONE TAXPAYER — who was estimated to have paid over $100 million in state income taxes the prior year — moved out of the state.
I could have sworn that the Left in the Northeast claims that tax rates did not influence behavior . . . this kind of confirms that the Left really has been lying about Supply Side incentives all along!