Trump allies pushing him to change tax bill for their benefit: report
Source: the hill
By Brett Samuels - 12/07/17 06:19 PM EST
Some of President Trump’s donors have recently lobbied him to change the Republican tax reform bill making its way through Congress, arguing it would hurt them financially...................................
The Post reported that at a fundraiser Trump attended last weekend, he was approached by longtime friend and donor, real estate magnate Richard LeFrak, and another donor. Both asked about changes to make the tax bill benefit wealthier New Yorkers.
Specifically, Trump’s wealthy allies are concerned about the elimination of state and local property tax deductions, which would adversely affect residents in high-tax states, including New York.
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The proposed bill in the House would eliminate the deduction, and cap the deduction for property taxes at $10,000. The Senate bill eliminates the deductions entirely. Eliminating the deduction was a contentious issue during debate over the legislation, because it hits the hardest in states with high local taxes.
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Read more: http://thehill.com/homenews/administration/363872-trumps-friends-push-him-to-change-tax-bill-for-their-benefit-report
I read that there were about 6,000 lobbyists in DC writing the #GOPtaxSCAM bill.
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