For most taxpayers who use the existing deduction, this doesn’t solve their problem. One estimate from the Institute on Taxation and Economic Policy found that 1.89 million Californians would still see their taxes rise under the new provision, only a modest drop from the 2.36 million who would have had a tax increase under the version confined to property taxes. Any California representative who votes for this is voting against the interests of the state.
Ah, but the Republicans did want to respond to rich New Yorkers and Californians who were howling to their usual GOP benefactors, including Trump, about their lost SALT deductions. Read more
