I’m a Californian and my taxes are supposed to go up under this. With that said, CTLawyer, don’t you think it is unfair that state taxes are deductible from federal taxes? That is, if you live in a state that chooses high taxes, why should a state that chooses lower taxes have to subsidize your government’s profligate spending? If one state chooses to be more prudent or more conservative with its finances, why should they have to subsidize a spendthrift state like my own?
Next, over 2/3 of people claim the general deduction and do not itemize. For them their taxes will go down. For the wealthy – particularly in high tax states and despite what many liberals say – their taxes will go up.
I think ALL our taxes should go down. I think our governments’ expenditures are about 1/3 waste, 1/3 corruption, and 1/3 efficient use of taxpayer dollars. We do not have a revenue problem. Government revenues go up year after year. We have a spending problem. EVERYONE’S taxes should be lower. And our government should learn to provide essential services and waste less money.