Friday, February 8, 2019

WHY POSTS HERE ARE STOPPING UNTIL FURTHER NOTICE

Your blogger is in Washington, D.C., serving as Senior Economist on the staff of the Vice Chair of the Joint Economic Committee of the Congress.

His first assignment is to prepare a report on the economic impact of the cap on the state and local tax deduction that was incorporated in the Tax Act of 2017 (originally called the Tax Cuts and Jobs Act), passed by Congress and signed by the President in December 2017. This cap limits the deduction from taxable federal income to $10,000 for a married couple filing jointly.

If you have any views or information on the economic impact on you, your business, your community, or your state, please send it to John_Tepper_Marlin@jec.senate.gov.

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