I like Trump's tax plan. It worked for JFK and Reagan. - I'm not in favor of any group being Posted: Oct 12th, 2017 - 4:28 am In Reply to: So not true. - SM
taxed more.
There is actually part of this tax plan I like a lot.
When the Income Tax was created, the states and cities demanded that state and local taxes be deductible from the federal tax. Over time this has meant that high tax states and cities (all blue), can continue to jack up their taxes, yet their taxpayers don’t feel the pinch as much because they can deduct them from their federal taxes.
So basically, the federal government has been *subsidizing* fiscal irresponsibility by the (blue) states and big cities.
Almost as soon as the Republican plan was announced, Governor Andrew Cuomo of New York squealed “That would destroy New York!”
Which goes to their spendthrift mind-set. That they *have* to have that money, and that they *have* to waste it, or their states and cities will be “destroyed”.
But they have ZERO interest in controlling their budgets or lowering their own taxes.
For this reason, I hope it passes.
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- Trump's tax plan - well (Views: 845, 2017-10-11, 5:03 pm)
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- I like Trump's tax plan. It worked for JFK and Reagan. - I'm not in favor of any group being
- I did - I did not listen to MSN (Views: 280, 2017-10-12, 7:33 pm)
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