In an effort to keep up with their self-described “resistance”
movement, California Democrats are engaged in a full-fledged attack
against recently enacted federal tax reform legislation that
provides tax cuts for most Americans and Californians.
Ironically, these same Democrats who claim to be focused on the
poor and needy are engaged in nonstop howling over two provisions
of the new tax law:
A cap of $750,000 on mortgage interest deductions, and
A $10,000 limit on the deductibility of state and local taxes
In other words, they’re complaining the new tax law doesn’t do
even more to help the wealthy – who also happen to be their
constituents. In Rep. Nancy Pelosi’s San Francisco district, the
average home is worth a million bucks. In Rep. Ted Lieu’s West Los
Angeles district – the second wealthiest in the nation – home
prices are even higher.
Sure, if you can afford to live in an affluent area of the state
such as the Bay Area, where the median home price has skyrocketed
above $900,000, there’s a possibility you could be left with a
higher tax bill.
However, if you live in poorer areas of the… Read More