Quote Originally Posted by Seran View Post
With mortgage rates spiking once in a generation rates, and housing prices causing huge property tax increases nationwide Democrats are going to have a heyday pointing out how Trump's tax plan hurt everyday Americans. State and Local Tax deduction caps means your combination of property tax and local income taxes are meaningless after $10,000. Before Trump's corporate welfare tax plan, the combination of SALT and mortgage interest deductions, combined with the personal exemption saw a lot more Americans getting refunds back. In the guide of 'simplifying tax filings' and doubling the standard deduction, eliminating the personal exemption, SALT deductions etc., Trump just made it so a married, childless couple would help finance his corporate and capital gains tax breaks. Great job GOP!
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