Tags: suburban voters | suburban revolt | donald trump | tax reform plan

CNN: GOP Tax Plan Could Fuel Suburban Revolt Against Trump

By    |   Tuesday, 14 Nov 2017 09:58 AM

The backlash seen in last week’s elections against President Donald Trump in suburbs nationwide could become even worse if the Republican House passes its bill on tax reform that largely harms those very same voters, CNN reported on Tuesday.

Independent analysts say the GOP bill will raise taxes on many living in these same suburbs that just rejected Trump’s administration, particularly in Democratic-leaning states and near the major metropolitan areas with the highest real estate values. That could leave Republicans seeking election in those areas next year in serious trouble.

Republican New York Rep. Peter King, for example, told Fox News’ "Sunday Morning Futures" that he will vote against any tax reform plan that increases taxes on his voters by doing away with the state and local tax deduction, as the current Senate plan does.

"What I find infuriating is people in the administration and House and Senate leadership say that because we lost the suburbs in Virginia, Long Island, and New Jersey, the answer to that is to pass a tax reform bill which is going to raise their taxes," King said. "They are the areas that are going to be hurt the most."

In addition to eliminating the deductions for state and local taxes, the GOP bill also gets rid of other popular deductions in the suburbs, such as for student loans. It also limits local property-tax deductions to $10,000 and reduces the deduction for mortgage interest to $500,000, half its current level, according to CNN.

Although many economists say there is a strong case for limiting the mortgage deduction, for example, those arguments may be more difficult to sell to middle-income homeowners when getting rid of the deductions is being used to finance tax cuts for wealthier families and businesses.

Hitting so harshly in these suburban areas could help Democrats register even more gains in the midterms.

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The backlash seen in last week’s elections against President Donald Trump in suburbs nationwide could become even worse if the Republican House passes its bill on tax reform that largely harms those very same voters, CNN reported on Tuesday.
suburban voters, suburban revolt, donald trump, tax reform plan
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2017-58-14
Tuesday, 14 Nov 2017 09:58 AM
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