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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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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