Here’s the details of the Republican tax package, but to cut to the chase, it’s basically a huge gift to rich people and corporations and a stinking turd to the middle class folks who have mortgages and pay state income taxes.
Families would also no longer be able to deduct their state income taxes from their federal taxable income, another change that would have a particular impact on places like New Jersey and New York, where state taxes are higher than in other areas. Taxpayers will be able to deduct their property taxes up to $10,000.
Americans would no longer be able to deduct their medical expenses or property and casualty losses, according to a document outlining the plan.
Okay, so all of you who voted for Trump because Her E-mails and you fell for the line about getting rich quick… Well, to quote that old chant after a bad call by the ref: “Nuts and bolts! Nuts and bolts! We got screwed!”
The chances of this bill passing are slim, but at least we know where the Republicans’ hearts lie in terms of the middle class and those without means to lobby: Screw you.