Quote:
Originally Posted by over the mountain
Worst case scenario .... 4-8 years from now, republicans will suddenly become deficit hawks again and demand cuts to medicare, medicaid and social security to off set the corporate and estate tax cuts .. and health care system implodes bc without mandate, affordable care cant be funded but republicans knew this and did nothing to fix it.
Not a fan at all with republicans reducing the amount of SALT deductible to 10k. Thats clearly favoring one group of Americans at expense of others. Not cool.
Ill wait to see how it plays out. Im middle of the middle class. Make 89k per year, own a 240k townhouse, 1 kid, 1 car. But this does seem to be a rushed hatchet job with many cracks.
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I am curious about the bolded part. The people who live in high tax states have voted for that tax, likewise the people who live in low tax states have voted for lower taxes. If I live in a state that has lower taxes, under the former tax code wasn't the government favoring those who paid more state taxes?
It's really an interesting dilemna, I think. Either way you go that part of the tax code is going to favor one group over the other.