There will be no second Trump term, Florida is GONE after he signs this, the only real question is whether he will be impeached before he is voted out in 2020.
Trump only won Florida by about 110,000 votes
A house is worth what people are willing to pay for it, if they can’t afford a mortgage because they cant deduct SALT, PMI, and ALL mortgage interest, the price of peoples homes and whatever equity they THOUGHT they had is going to CRASH and BURN.
Family's of 4 with houses that itemize are looking at increases in their taxable income anywhere in the $25-$90,000 range, that's about a $7-$25,000 tax increase or up to $2,000 extra a month to these CORRUPT LAZY PERVERTED THIEVES IN WASHINGTON DC.
One this is crystal clear.
THE GOP HAS NO DESIRE TO BE THE MAJORITY PARTY, THEY WANT TO PASS A CORPORATE TAX RATE REDUCTION, THEN IMPEACH TRUMP WHEN THEY LOSE THE HOUSE AND THE SENATE NEXT YEAR.
I will NEVER vote GOP again and actively work to destroy these degenerate MF's if Trump is STUPID enough to sign this monstrosity.
He's about to STAB HIS BASE IN THE BACK.
This is going to DESTROY the housing market and the value of people homes and play hell with population growth via the loss of personal exemptions, so it has the added effect of further reducing the number of children AMERICAN CITIZENS produce, making us a minority in our own country.
Couple this with the 15% FICA and the OUTRAGEOUS increase in medical deductibles and copays, which the GOP has done NOTHING to fix, and this slaughters the very base of Trump supporters in States like Florida.
If Trump would have ran on letting a bunch of Goldman Sachs schmucks strip away all itemized deductions from the middle class but leave them in place for corporations, he would have NEVER WON.
There is an ulterior motive here, and that is to remove the ability of the W-2 Wage Slaves to mitigate their tax exposure through deductions that have been in place for DECADES.
Good luck with the small tax decrease non itemizers will see, because it will soon be jacked up by a rate increase, which they will keep raising in order to fund Social security and their ever expanding spending.
This is the biggest bait and switch swindle in history, these guys Mnuchin and Cohn make Gruber look like an amateur.
As soon as I’m done paying for my last kid to finish college I am bugging out, the GOP will never have a majority again and this is the beginning of the end.
Quit using your “New York” state of mind, you say you’re a Republican, but you’re screaming like a democrat little girl. You haven’t even SEEN the Bill yet.
It's beginning to look to me like whatever we have is only because the shadowy "they" have allowed it, and no matter who is in charge, little by little or in leaps and bounds, they are skimming off the money for themselves.
It's obvious both major parties use their base to get in power and pursue their own agenda, bought and paid for by wealthy donors and lobbyists, not the middle class #deplorables which people they pander to.