Elimination of the State and Local Tax deduction will harm the people of high-tax California, high-tax New York, high-tax New Jersey, and high-tax Illinois
Many California Republicans are excited about the federal GOP tax reform bill and anxious for tax relief, but others are warning about the negative impacts on individual taxpayers in high tax states like California and New York.
I spoke with California's Congressman Tom McClintock this week to drill down into the corporate and personal aspects of the tax reform bill, to understand the nitty-gritty.
The bottom line for Rep. McClintock has to do with the personal income tax aspect: he says it needs to be removed from the bill until Congress can guarantee their plan will "Leave No Taxpayer Behind."