Reagan did indeed do away with credit card interest deductions. But he reduced ALL individual tax brackets on average 25%, with the top bracket slashed to 28%. And he did this with DEMOCRAT control of Congress.
Putting caps on SALT and mortgage interest picks winners and losers based on class warfare. We can do better. And should do better with full GOP control of Congress and the White House.
Your first paragraph is correct, Reagan did cut back all tax brackets.
But no, Reagan did ‘pick winners and losers’, since he also started the idea of capping deductions:
“One important footnote: While the 1986 reform supposedly had just two rates—15% and 28%—the benefit of the 15% rate and then of the personal exemptions were phased out sequentially, producing a 33% marginal rate for the upper middle class.”
Like I said early, if rich people want Trump’s support, they can start by treating him with some RESPECT. Trump doesn’t owe them jack, and I’m more than happy to see them having to spend their money in taxes, rather than giving it to Democrat superpacs.