The #GOPTaxBill adds trillions to our national debt. That means:
-slower economic growth
-slower wage growth
-higher interest rates
-fewer jobs
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Under the
#GOPTaxBill, deductions on mortgage interest are capped at $500,000. This number too low for CA home prices & will only worsen our housing crisis.http://www.latimes.com/politics/la-pol-sac-skelton-california-homeowners-gop-tax-plan-20171116-story.html …Show this thread
The long-term economic consequences of this bill will hurt our economy and American families. We need real, fiscally responsible tax reform, but the #GOPTaxBill that passed today shifts a huge unpaid burden of debt to our children.
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History has shown that the only path to successful tax reform is bipartisanship and I sincerely hope the Senate does better than we did today.
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