I hope that the Biden admin will tackle repairing the awful tRump tax mess later this year

[MANative]

Just did my taxes for 2020 and because of the SALT caps, we've got $19,782 in deductions that we can't take. Most of that is real estate tax and a little bit of mortgage interest. These would have been deductible in the past. Ouch.

[jonstl08]

1. Agree

They need to revise that part of the tax code at the very least. It was a way to punish the high property tax states of California, New York and New Jersey which happen to vote Dem.

[Blue Owl]

2. So many things on that list

Trump was a wrecking ball, but give Joe and Kamala some time and they will keep cancelling Disaster Donny's blunders...

[JustAnotherGen]

4. Needs 50 Senators

And needs to be done without the filibuster.

[JustAnotherGen]

3. Reach out to

Your Congressman, Senators, Pelosi, Schumer and . . . Sinema and Manchin.

This is my pain - along with 80% of New Jersey tax filers.

The law the GOP overturned was in place since 1913 - it prevented Americans from.paying property taxes twice.

It was also in place in the 1950's - the oft quoted highest corporate taxes and top percent of earners paying their fair share.

[MANative]

5. Yes, I will do that

I think all of us in the Northeast and Western coastal states are getting slammed on this.

[MichMan]

6. I came out ahead with the bigger std. deduction, since I dont itemize

[bronxiteforever]

7. The GOP called the Trump bill "death to Democrats."

Stephen Moore, one of the top economic advisers to Donald Trump's presidential campaign, on Tuesday said the new Republican tax bill would hit one groups of Americans especially hard.
It's death to Democrats," Moore told Bloomberg's Sahil Kapur.

Moore, a conservative economist, pointed to provisions that would repeal the state and local tax deduction — which is used heavily in the high-tax states New York and California — and new proposed taxes on large universities as examples of provisions that go after liberals.

"They go after university endowments, and universities have become playpens of the left," Moore told Bloomberg. "And getting rid of the mandate is to eventually dismantle Obamacare."

https://www.businessinsider.com/trump-gop-tax-bill-democrats-salt-deduction-text-details-2017-12

I am sure GOP trolls love it