Trump Tax Plan Eyes Cut to Deduction for High-Tax States That Subsidizes California and New York, Penalizes Tennessee

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President Donald Trump’s tax plan, a broad and general plan that would make supply-siders such as Ronald Reagan and Jack Kemp very happy, could be held up by a number of details that are making some Republicans nervous. One is the elimination of an income-tax deduction for high-tax states such as New York and California. “We’re…

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