“Working-class people will be clobbered by this”
False...
Average income earners in Dem-run states will be more than offset by the increase in the personal deduction.
BIG SPENDERS are the ones who get clobbered by this. Spend more, deduct more, lose more when it ends.
“Average income earners in Dem-run states will be more than offset by the increase in the personal deduction.”
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All I can say on that is - from your lips to God’s ear, keep your fingers crossed and knock on wood.
Other than that, it’s a stupid move. The Fed shouldn’t be attempting to interfere in state matters in such a clumsy, haphazard Rube Goldberg manner. Financial-wise it should be concentrating on where/how Federal money is being used and cut off that with which it doesn’t support.
I think we’ll just have to disagree here. The citizens in any given state should determine their local budgetary matters at the local state level, without fear of punishment by the Feds. If they like their standard of living and are willing to pay for it, they shouldn’t be punished.
I live in New York and have itemized every year for at least ten years. I say screw New Yorkers and the horses they rode in on. Its time we did whats right for our cause not for ourselves. Do anything possible to screw the assholes who always call for higher taxes knowing they won’t pay them because they have all kinds of tax loopholes. The only thing I ever liked about Romney was his tax plan. Lower rates and limit deductions to 25k or 50k for married couple. Pay lower rates on everthing else. Billionaires could only write off 50k if married. No loopholes for charity or anything else.