The Republican Tax Plan Is Chaos and Suicide

[Rajoo]

Originally Posted by icenine

I think if the GOP is actually stupid enough to get rid of the deductions for state and local taxes for those homeowners who itemize on their income taxes it will hand back both houses to the Democrats.

Trump/GOP is trying to hurt blue states that are wealthy by hitting the middle class with such measures. They probably are thinking that no one in such as states as New York and California who own homes votes for Trump/GOP anyway.

No one in red states and the rust belt itemize and own homes? Is it that bad out there?

This is not a good thing.

Thanks and a very good answer Robbin and make sense.
Guess I belong in that category with two mortgages and other deductions that I need.

[icenine]

Originally Posted by Rajoo

Thanks and a very good answer Robbin and make sense.
Guess I belong in that category with two mortgages and other deductions that I need.

Something tells me it won't go through but if you can't deduct what you paid in state tax alone that is a few thousand dollars you won't be able to deduct.
Everyone pays a boatload of state taxes out here.