Glenn Reynolds: It's Time to Put High-Income Blue-State Liberals' Alleged Support of "Paying Your Fair Share" to the Cash-Money Test"Democrats have been saying for years that we need tax increases, and that paying taxes is one of the
greatest forms of patriotism. Now it looks like President Trump is going to put their beliefs to the test."
https://www.usatoday.com/story/opinion/ ... 101159082/Trump’s new tax plan would hit blue states hardest, by eliminating the federal deductibility of state income and property taxes. That’s going to make it harder for blue states to maintain the high tax rates they’ve traditionally levied.
Right now, if you pay state property or income taxes, you can deduct them against your federal income taxes. In effect, it means that if you’re in a high federal bracket, your state taxes may be offset by that federal deduction to the tune of 40% or more.
The National Journal’s Ronald Brownstein calls this "an offensive against blue states," but as Brad Todd replied on Twitter, “I think what you mean is it ends imbalanced federal subsidy for big government at the local level.”
#winning
#TheBigShitty
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