|
|
"A comprehensive, collaborative elections resource."
|
Proposal Would Hit Blue State Taxpayers
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Dec 06, 2004 11:19am |
| Logged |
0
|
| Category | Proposed Legislation |
| Media | Website - Yahoo News: Iran |
| News Date | Sunday, December 5, 2004 06:00:00 AM UTC0:0 |
| Description | As President Bush lays the groundwork for a possible overhaul of the U.S. tax code, one option under consideration would deal its biggest financial blow to citizens of blue states such as California and New York.
Some conservative activists are urging the Bush administration to scrap the federal deduction for state and local taxes as part of a broader plan to revamp the nation's tax system.
Although the proposal would hurt some taxpayers in nearly every state, it would hit hardest in states with higher-than-average income levels and bigger-than-average state and local tax burdens. High on the list are a number of blue states — those that were carried by Democrat Sen. John F. Kerry in last month's presidential election.
"Let me put it like this: It certainly isn't something that's a discouragement," said one prominent conservative. "Yes, we talked about this. The fact that it hits blue states is not something that's been missed among Republicans." |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
