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re: GOP tax document reveals plan for massive tax cuts, preserves key deductions
Posted on 9/27/17 at 10:36 am to frogtown
Posted on 9/27/17 at 10:36 am to frogtown
quote:
The only fix is getting the economy moving more then a 3% GDP growth rate. Once that happens then work on the budget deficit and federal spending.
Do you think that these tax reforms will work to achieve that 3% growth rate?
1
Posted on 9/27/17 at 12:13 pm to GFaceKillah
I havent read the whole tbread, but this is how they are making up the cuts.
They are eliminating the itemized deduction of state, local, and property taxes from federal returns. It's estimated to return 1.3 Trillion in revenue over 10 years.
LINK
They are eliminating the itemized deduction of state, local, and property taxes from federal returns. It's estimated to return 1.3 Trillion in revenue over 10 years.
LINK
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