Here is the text of the bill passed by the House. If you make baseless allegations about it I will ask you where in the bill said allegation is located.
https://www.congress.gov/bill/115th-congress/house-concurrent-resolution/71/text
Ok. See Sec. 3024. The language there is deliberately misleading mistates fiscal reality. Eliminating SALT deductions will absolutely raise taxes on millions of middle class Americans, not “ensure relief for middle-income taxpayers.” This specific language was objected to by many Republican congressman. In fact, many of them said it should not have even been included. But it was. And it passed. We are still awaiting the final final final product. But this is not a good sign. In fact, is it a terrible sign.
thanks for posting.
No wonder no one reads these bills. What an utter mess. Whoever edited this document apparently is not able to insert spreadsheets or tables of numbers. In Sec 1102 functional categories - they use paragraphs to denote the amounts for each year. :-) Maybe that is intentional to make one get tired of scrolling or paging through the document to find something.
I don’t think any details on changes to the tax code are included in the budget document or at least I didn’t see it.
We’re still possibly losing local tax deductions.
SEC. 3024. Deficit-neutral reserve fund relating to tax relief for hard-working middle-class americans.
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution, and make adjustments to the pay-as-you-go ledger, for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to changes in Federal tax laws, which may include reducing federal deductions, such as the state and local tax deduction which disproportionally favors high-income individuals, to ensure relief for middle- income taxpayers, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2018 through 2027.