It’s ironic that the same Democrats who criticized the Tax Cuts and Jobs Act for supposedly benefiting only the wealthy are now advocating for a change to the law that would primarily benefit the wealthy.
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The Senate Finance Committee won’t be revisiting the #SALT deduction reforms made in the Tax Cuts and Jobs Act under Chairman @ChuckGrassley’s leadership. #TaxReform
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The SALT deduction is a federal subsidy for states to raise taxes on their residents without political consequence. The answer to the problem is for states to lower their taxes instead of insisting that taxpayers from lower-tax states subsidize their profligate spending.
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End of conversation
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Short version: F
everyone in NJ, NY, and CA who already subsidize most of the federal taxes. Smart move, jamming through a tax bill, haphazardly, all so loser @realDonaldTrump can get a “win”, while jeopardizing the housing markets in the states who pay the most fed taxes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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