If what you say is true, why do the reduced taxes on the working people disappear in eight years?
Because those same people Charlie mentioned wouldn't vote to make them permanent. The folks in power had to do this as a resolution, which limits them to reassessing after so many years (I thought 10). The side complaining about this part forced it to be this way, mainly so they'd have this to complain about.
It looks like a benefit for folks with lower state/county taxes but the Feds are phasing out their subsidies for the higher tax states such as CA, MA, MD. You will now only be able to deduct a max of $10k of local taxes on your fed form. They also increased the standard deduction, so many more folks will be able to file the short form.
It's a start in the right direction, but they need to reign in spending to match.
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