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To: Wuli
You are not reading the bill. All kinds of business deductions are being cut and revised as well.

State, Local, and Property tax deductions are retained for corporations, and taken away from individuals.

https://nypost.com/2017/10/19/senate-votes-to-eliminate-state-and-local-tax-deductions/

Backers of the SALT deduction pledged to keep up the fight as the tax reform legislation is devised in the House and Senate committees. They argue Trump’s tax plan is unfair because it allows corporations to deduct state and local taxes but eliminates the breaks from average tax filers. “Did you hear that?” Sen. Chuck Schumer (D-N.Y.) marveled on the Senate floor Thursday. “Corporations can claim it, individuals can’t. Isn’t that backward? It shouldn’t be taken away from either one.” But the White House defended its plan saying if employers couldn’t deduct their local and states taxes they’d go “out of business.”

Oh, but it's OK to ruin middle class families? I guess it's all right if they "go out of business." Huh?

Do you still want to give me the lie that corporations don't pay taxes, even though the heart of this bill is to give them a massive tax cut, and have the middle class make up for that lost revenue by eliminating or capping their deductions?

148 posted on 11/18/2017 6:36:39 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

“State, Local, and Property tax deductions are retained for corporations, and taken away from individuals.”

They are business expenses. Are you a business?


154 posted on 11/19/2017 4:56:43 AM PST by Wuli
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