Home » Headline News » Another Bad Idea for the Tax Conferees

Another Bad Idea for the Tax Conferees

A political drawback of the Republican tax bills is that they raise taxes on a significant number of voters by curbing the deduction for state and local taxes. A lot of these voters are in households that make between $100,000 and $500,000 in taxable income. About 40 million tax returns come from that group, and its members are disproportionately likely to face higher taxes as a result of Republican tax legislation. Would Republicans make these households happier if they cut taxes more for households richer than they are? The editors of the Wall Street Journal would have congressional Republicans believe that the
Read More

...[READ MORE]   SOURCE: National Review

Leave a Reply

Your email address will not be published. Required fields are marked *

*