Republicans are planning a tax "reform," and as usual this is code for a gigantic handout to the rich, in the form of a huge corporate tax cut and elimination of the inheritance tax. Somewhat unusually, they are at the moment attempting to partially pay for it by soaking the upper-middle class — limiting some tax benefits which the upper-middle class relies on, including the mortgage interest deduction and the deduction for state and local taxes.
It's just one more example of how the upper middle class is being played for fools by Republicans — and by the entire idea of tax subsidies. If they had any sense, they'd sign up with Bernie Sanders-style universal programs and get back at their real enemy: the top 1 percent.
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