With Trump's Tax Plan, Americans Are Waving Goodbye To Low Taxes

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Опубликовано 15 марта 2019, 13:36
In 2017's new tax reform law, the GOP promised big savings for everyday Americans.
But according to Reuters, only one in five U.S. taxpayers expect to pay less income tax this year.
This is going to be one of the great gifts to the middle-income people of this country that they’ve ever gotten for Christmas. President Donald Trump
A $10,000 cap was imposed on the deduction of state and local taxes, which was previously unlimited.
The cap has had the greatest effect on taxpayers in high-tax states, including New York, New Jersey, Illinois, and California.
Those states are all largely Democratic.
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