Concerns
Concerns are high as many grapple with the possibility of change. Money has always been a touchy issue. That is not about to change.
Trump and the GOP could find themselves facing some tough competition. This decision could turn nasty as it interferes with the lively hood of many.
John J. Faso said “the State and local tax piece is very concerning; because we’re already a donor state to Washington, and this would exacerbate that problem.” Faso is a New York Republican.
He also said “and so I want to see based on income categories. How a hypothetical family of four with a certain amount of income, with an $8,000 property tax and state tax bill, how they are affected?”
Senator Orrin G. Hatch also had some concerns of his own. He said “that’s been a long-heralded and expected set of tax rules, and it’s really, really tough to change that.” Hatch is the Senator for the State of Utah.
“Republicans from high-taxed states are, in our view, unlikely to go along with the elimination of the SALT deduction,” said Brian Gardner.
Gardner is an analyst at the investment banking company Keefe, Bruyette & Woods.
The President probably expected resistance. He has already made inroads with some Democrats as he seeks support.
The tax reform could be in for fight. As time progresses time will tell who will win this one.
