Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
December 17, 2017
Word: The double taxation in the GOP plan
Randi Weingarten, American Federation of Teachers -The draconian effects of this law will last for decades. Consider the impact on public education. Nationally, state income and sales taxes fund 46 percent of public education, and local property taxes contribute an additional 45 percent. Under the Republican plans, nearly 29 million households will no longer be able to deduct these taxes, resulting in double taxation and reduced revenues for localities. This will hit ordinary Americans in their wallets and squeeze funds for public education and other important public services. And while the middle class will no longer be able to deduct state and local taxes, corporations will maintain this deduction.
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