Re: Tax bill
Some of the deductions they are eliminating are flat out a war on the middle class and young people: student loan deduction, personal exemption, and state and local taxes will all hit young and middle class cohorts heavily. IMO this bill:
a. reduces college educated population in particular those at the graduate level
b. causes students who want to continue education take out more student loans to offset tax breaks
c. is counter intuitive to a conservative philosophy deducting state and local taxes allows states to have higher tax rates and therefore provide more state level services than federal services. If a state is willing to use its own money and not rely as heavily on the federal government you would think conservatives would be for it not against it.
|