November 15, 2017

CNN: GOP Tax Plans Could Fuel the Suburban Revolt Against Trump

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The bite from the GOP bill is deeper for upper-middle-class families in major metropolitan areas, particularly in Democratic-leaning states where taxes, and usually property values, are higher. While only about one-in-five families between the 80th and 95th income percentiles in most red states would face higher taxes by 2027 under the House GOP bill, that number rises to about one-third in Colorado and Illinois, around two-fifths or more in Oregon, Virginia, Massachusetts, New York and Connecticut, and half or more in New Jersey, California and Maryland, according to a state-by-state assessment by the Institute on Taxation and Economic Policy, a liberal advocacy group. Read more



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