The GOP Tax Bill: All Hat and No Rabbit

The GOP Tax Bill: All Hat and No Rabbit
AP Photo/Susan Walsh

All politics is state and local.

That update of Tip O'Neill's dictum is inspired by the Republican tax bill. The legislation that passed the House on Thursday eviscerates the deduction for state and local taxes and the current Senate version, which just emerged from the Finance Committee, eliminates the write-off entirely.

This might seem like a devilishly clever move by a Republican Party whose locus of power lies in the low-tax states of the Sunbelt and Midwest. What better way to stick it to the latte-loving, Prius-propelled coastal liberal elites than to remove a tax break cherished in anti-Trump states like California, New York, New Jersey and Connecticut?

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