November 28, 2017

The Atlantic: The Big Blue Losers in the GOP Tax Plan

media mention
Between the mortgage and SALT limits, the bills hit many upper-middle-class taxpayers, especially in blue states. The Institute on Taxation and Economic Policy calculates that by 2027 the Senate bill would raise taxes on about 45 percent of households between the 80th and 95th income percentiles in California, Virginia, New Jersey, and New York; and over one-third of such families in Oregon, Minnesota, and Illinois. Many of those families are precisely the white-collar suburbanites who have long resisted Trump.