White House digs in on eliminating state and local tax deduction ㅤ ㅤ ㅤ ㅤ ㅤ……

Story at Politico, notes at the DC Drain, image from form9465(.com).

ㅤ”Opponents of the deduction argue that it primarily benefits upper-income taxpayers and encourages some states and localities to maintain high tax rates. Ending it would also raise more than $1 trillion to offset individual rate cuts and other benefits Republicans would like to add to the tax code.”

Leave a reply (all info optional)

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s