Everybody who uses deductions and owns real estate in NY, NJ, CA, IL, and other high tax states is going to get royally effed.
There was some interesting analysis about CA the other day that found the middle class tax hike here resulting from the loss of SALT deductions is 22 TIMES BIGGER than the gasoline tax hike that passed and got everybody into a tizzy.
This is not what I voted for. This tax hike is many times bigger than any tax increase ever proposed by Democrats in my lifetime.
>>>than the gasoline tax hike that passed and got everybody into a tizzy<<<
Who is in a tizzy, some Radio Host in San Diego?
The Sheep here just went along with it and it’s a Tax that hits the lowest Income Earners in CA, AKA Democrats and Illegal Democrats.
As I recall, Moonbeam already got away with imposing a stealth Carbon Tax. No outrage when that happened.
If a Republican Legislature and Governor imposed this Tax, the Democrats would be having a field day about it hurting the poorest amongst us and there would riots in the streets.
This relieves the other states from subsidizing the high tax states.