It’s going to be EXTREMELY interesting to see the likes of Moonbeam Brown and Kamala Harris fight for tax deductions for the “wealthy”! Because that’s exactly what’s at play here. Cuomo in NY is already moaning about this being a “death blow” to his state.
Forget the obvious solution of getting spending in order in those states so that they can reduce the state income taxes. Naaaaaaaaah, why would you when you can have the rest of the country subsidize your profligate spending?
Okay. So, this is not a bad plan; it’s yet again 4D chess.
I can’t wait for all these 4D chess games to come together and lead to a bill being passed. Someday, it is bound to happen.