SENIORS LOST TODAY....GOP WILL LOSE OUR VOTES....SADLY, THE DEMS WILL TAKE OVER THE HOUSE IN UPCOMING ELECTIONS!
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It will help very big business but hurt ordinary workers and smaller businesses https://twitter.com/washingtonpost/status/931237581597143040 … …
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As they should
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I'm no millionaire, but it will help me claiming standard ded from $12k to $24k.
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Don't know about you rich folks, inmyentire taxpaying life,have never claimed morethan $24k/yr itemizeddeductions.Prop taxin CA is approx 1% of homevalue.$1Million home incurs $10k/yr in tax, add 5% CAinctax(assuming inc $100k/yr).Add togerher,it's stillunder 24k stndded allowed
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THis has nothing to do with Moms and Pops.... Seepic.twitter.com/2Mzyu9TppN
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If you rich folks have been consistently claiming over $24k in itemized deductions per year, you have no sympathy from me if your fed inc tax will go up. One way to find out is to sit down and do the math. It's not that hard folks.
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All tax cuts for individuals in the bill, with exception of the estate tax, sunset. Loss of deductions like medical expenses and college loans are permanent. Corporate and pass-through cuts permanent. Immediate Paygo cuts to Medicare, Medicaid, and military.
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