Friday, February 8, 2019
WHY POSTS HERE ARE STOPPING UNTIL FURTHER NOTICE
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.
I write about economics in its interaction with politics and history. Special interests include symbols of community – such as coats of arms and flags – and the behavior of families and communities during a crisis.