“While my tax situation is not ideal and I pay far too much, I would pay a LOT more under either plan. A lot more. Thousands more every year.”
Which is EXACTLY the point.
Why am I subsidizing your outrageous state and local taxes, when you SHOULD be screaming at your locals about it, instead?
Or do you not really care, as long as it isn’t YOU paying the bill for runaway liberalism and vote-buying?
Apparently you don't know how a Tax Deduction works. We have been over and over this issue on FR. Also, do you know why the SALT deductions were written into the Federal Tax Code in 1913? Because they recognized that it was "immoral" (their words) to force double taxation upon American citizens.
Moreover, most of the high tax states are subsidizing the low tax states - not the other way around.
A "TAX CUT" is supposed to be for EVERYONE; not a selective few and that is exactly what this POS is and getting worse.
In one way or another, everyone who pays taxes, "subsidizes" others.
I bet that you have a mortgage and probably other things to deduct, or make lower middle class to lower middle middle wages so as long as YOU "get yours"...you don't give a damn about anyone else. You're no better than the ILLEGALS ALIENS, people who get MY tax money back as a refund, who paid almost nothing in, and the others who don't understand what's going on.
Are you aware that small businesses do NOT get a break in the Senate Bill...only the BIG corporations?
Spot on. If the bill eliminates deductions for state/local taxes, property taxes and mortgage interest, so be it. Most will be offset by an increase in the standard deduction and rate reduction. Why should anyone bitch about not being able to take these deductions?
I remember under Reagan, the government did away with credit card interest deductions. People put up a fuss back then, but what was the justification for having it as a deduction in the first place?