TRUMP RETHINKS STATE-LOCAL TAX ISSUE OVER CONCERNS ON MIDDLE CLASS

THE STATE AND LOCAL TAX DEDUCTION PRIMARILY BENEFITS HIGH-INCOME PEOPLE IN HIGH-TAX STATES, INCLUDING NEW YORK, NEW JERSEY AND CALIFORNIA.

EVEN SO, GARY COHN, TRUMP'S TOP ECONOMIC ADVISER HAS SAID THE WHITE HOUSE IS OPEN TO NEGOTIATION ON THE STATE AND LOCAL TAX DEDUCTION.

Trump's concerns led him to say this week that "we'll be adjusting" ...

Months after the White House proposed ending a tax break for people in high-tax states, President Donald Trump grew angry when he learned that the change would hurt some middle-income taxpayers, according to two people...

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Article ID: 194892 Date: 12th October, 2017 Social Shares: 1506
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