Monday, February 25, 2019

STATE & LOCAL TAX DEDUCTION MUST BE REINSTATED NOW.

Supplemental Tax Reform Needed.
The new Trump tax deal, though generally beneficial to residents where state and local taxes are low nationwide, is DEVASTATING to people living in high tax states. This includes New Jersey residents, a state with the highest real estate taxes in the nation. If Trump expects to be re-elected, he MUST reinstate the deduction. Tax returns are down 16.7% this year overall under the new tax plan, and high tax state residents (NY, NJ, CA) are being killed. This tax hike is laser targetting the middle class, precisely the people Trump needs for re-election. On a related point, Trump must grant permanent status to current DACA recipients and reform immigration law now. Many Republicans have a problem with this. They must "get over it" if they expect independents to come alongside them.


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