Jerry Brown Warns California Republicans Not to Vote for Tax Reform

ㅤ”Brown is primarily concerned with Trump’s proposed repeal of the state and local tax (SALT) deduction, which would provide $1.8 trillion in revenue that could be used to grant tax cuts in other areas.
ㅤWealthier taxpayers in high-tax states, which tend to be governed by Democrats, use the SALT deduction to lower their overall federal tax liability. As a result, state lawmakers and local officials who raise taxes to fund additional spending are somewhat insulated from the political consequences of doing so, since voters can shift the burden of higher taxes to federal taxpayers elsewhere.”

Story at Breitbart, image from breitbart(.com) — california, irs, jerry brown, salt, tax break, tax cut, tax cuts, tax deductions, tax plan, tax rate, tax reform, taxes — Visit the post page to like, share or reply to this post.

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