Tag: TCJA
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The standard deduction killed itemizing for the middle class
The 2017 tax law nearly doubled the standard deduction and gutted itemized deductions. The real winners weren’t middle-class families — they were the wealthy.
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SALT caps were good policy and blue states won’t admit it
The $10,000 SALT cap mostly hit high earners in high-tax states. Repealing it would be one of the most regressive tax moves of the decade.