Displaying all articles tagged:
Salt Deduction
A Guide to Congress’s Jam-Packed February Democrats’ to-do list includes salvaging Build Back Better, reforming election laws, and avoiding a shutdown — and they know time is running out.
By Ed Kilgore
Why Pelosi and Moderate Democrats Are in a Standoff Over Biden’s Agenda Pelosi will try to pick off enough moderate rebels to get a budget resolution passed, but she may have to cut deals and shift her timetable.
By Ed Kilgore
2018 midterms
Sept. 11, 2018
House GOP Runs High Risk in California, New Jersey, New York With Tax Bill 2.0 A lot of competitive House races are in the three states where loss of the SALT deduction really made suburban swing voters mad.
By Ed Kilgore
Feds Crack Down on Blue-State Workarounds of Trump Tax Reform Deduction Limits It’s part of an ongoing GOP effort to hit coastal “elites” with the bill for reducing high-end taxes. But blue states are still trying to fight back.
By Ed Kilgore
High-Tax States Designing Workarounds to Blunt GOP Tax Bill Impact In C.A., N.Y., and N.J., Democratic pols are designing “charitable contribution” schemes to maintain federal tax breaks eliminated by Trump bill.
By Ed Kilgore
Republicans Poised for Collapse in New York The historic unpopularity of Trump and the GOP tax bill have left the party without a single statewide candidate at the start of 2018.
By Eric Levitz
Cuomo Vows to Sue Feds Over Trump Tax Bill’s Discrimination Against New Yorkers It’s a long shot, but if Republicans deliberately targeted blue states, that could be adjudged as unconstitutional.
By Ed Kilgore
Thanks to GOP Tax Bill, Homeowners Rushing to Prepay Property Taxes Before 2018 New restrictions on the deductibility of local property taxes are driving many homeowners to pay early and get the deduction one more time.
By Ed Kilgore
How the Trump Tax Bill Will Affect You It’s all pretty complicated, and it’s coming fast.
By Ed Kilgore
Republicans Rush Toward Final Tax Bill Agreement Maybe the tax agreement isn’t that tightly wrapped, but Republicans need some positive news ASAP.
By Ed Kilgore
GOP Donors in New York Not Enthusiastic About Their Christmas Gift There’s unhappiness in the Hamptons with a bill that kills deductions GOP donors love without much for them in exchange.
By Ed Kilgore
How Much Power Are Republicans Willing to Sacrifice for Their Precious Tax Bill? At this point Republicans are risking their political prospects in 2018, and beyond, for an unpopular bill.
By Ed Kilgore
Under the Trump Tax Bill, You’d Probably Stop Itemizing Your Deductions The Senate tax bill massively reduces incentives for itemizing deductions, especially in places like California, New York, and New Jersey.
By Ed Kilgore
GOP Plan Retains Special Tax Break for Owners of Golf Courses The Republican plan ends deductions that benefit orphans and veterans — but not the subsidy for golf-resort maintenance.
By Eric Levitz
News of the Weird: Ted Cruz Stands Up for Coastal Elites in Tax Bill Talks He took aim at a key provision in the GOP’s tax bill which would mostly affect well-to-do blue-staters.
By Ed Kilgore
Trump Tax Bill Hammers New York and California Other than hitting the bicoastal upper-middle-class folk, the House GOP tax writers picked their fights carefully.
By Ed Kilgore
Americans Don’t Like Trump’s Favorite Tax Idea A lower corporate rate is the crown jewel of the GOP’s tax plan.
By Ed Kilgore
House Budget Vote Necessary, But Not Enough, in the GOP’s Tax Cut Plans The GOP dissenters in the House’s vote on a budget resolution setting up tax cuts indicate some potential problems ahead for the GOP.
By Ed Kilgore
A Look at Trump’s Trillion-Dollar Blue-State Tax Hike A GOP proposal to kill the deduction for state and local taxes mostly hits high-tax, high-income blue states, but some House Republicans will object.
By Ed Kilgore