Deductions that favor blue state high tax policies under threat in tax reform

Washington Post:
Republicans take aim at state-and-local-tax deductions — and raise ire of GOP legislators in blue states

Republican leaders have made clear the SALT deduction is on the table as they rewrite the tax code — but internal dissent threatens the effort. “I intend to fight it with everything I know how,” said Rep. Tom MacArthur (R-N.J.), in whose district 43 percent of tax filers claim SALT deductions.
Here is the compromise I would offer them.  They can have the same deduction that similarly situated taxpayers in Texas get.   That would be a fair way to handle it and it would ensure that blue state taxpayers pay their fair share of the taxes.  It would also give those states an incentive to stop their destructive tax and spend policies that have dragged down their economy and chased away taxpayers.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains