Comment on Corporations to keep tax break lost by millions of Americans

Corporations to keep tax break lost by millions of Americans

WASHINGTON — Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by some 44 million Americans, especially in high-tax, Democratic-leaning states like New York, New Jersey, California and Illinois.

 

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