Democrats hide fact even with state/local tax deduction eliminated, taxpayers benefit

Is there ANYTHING a Democrat politician and their media masters won’t do to malign good tax law…and protect the rich they so vociferously claim to despise?

This morning’s Washington Times headline: Democrats cry foul about loss of deduction to muddle tax bill’s real benefits to middle class

Pull quote:

“The Democrats’ complaints are overheated…Half of the (state/local tax deduction) benefits go to the richest 5% of earners, and nearly all families who would see their SALT deduction limited would receive bigger tax cuts elsewhere.” (emphasis added)

Got that? Democrats, who scream against ‘tax cuts for the rich’ should be thrilled about the elimination of the deduction for state and local taxes. Those types of deductions overwhelmingly benefit the rich Democrats claim to ‘hate’ so much.

GOP tax-bill bottom line?Even after losing the state and local income tax deduction, taxpayers in New York and other high-tax blue states would still end up ahead under the Republican tax reform bill, analysts say.” (underline, bold emphasis added)

Funny…Democrats and media aren’t telling anyone that…

What’s more insulting to Democrat constituents – the fact their leaders will try to dupe them with lies…or that their leaders see them as stupid enough to believe the lies?

 

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