Gross observes that the changes recommended by a commission appointed by the President will have much greater negative effects on taxpayers in Democratic regions. Its as if the tax changes are a form of economic gerrymandering whose impact will be to significantly reduce the net take-home pay of (surprise!) Democratic donors.
[ Interesting. I had skimmed the highlights of these plans but not had time to read them all the way through, or, of course, do any analysis. I guess, thinking back now, I had thought that the eliminated deductions applied only to second or third or etc. houses, not primary residences, but it would seem I read that wrong. It does not particularly surprise me that the administration would craft a long view policy designed to reduce wealth in democratic areas. After all, tort reform is largely about the same thing... reducing the wealth of a highly democratic group of people. -k] The politics of taxation |