Quote:
Originally Posted by markksman
That’s not how income tax works.
It actually is how the TJCA works. Elimination of SALT deduction disproportionately hurts blue state taxpayers. It's not even the only thing in the bill targeting blue states. Elimination of personal exemption and limitation on mortgage interest deduction were also seemingly designed with cutoffs to screw over owners of higher priced properties (not surprisingly, blue states).
Even on the corporate side, the big revenue raisers (GILTI for example) were all designed with attacking industries based in coastal states in mind. I'm not saying those firms shouldn't be taxed, I am saying they were singled out by the GOP bill as targets.
There is absolutely no question the GOP designed the TCJA to screw over blue states and concentrate as much of the benefits in red states as possible.