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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

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Collins wants to keep the property tax deduction up to $10,000, just as it is in the House bill. We’ll see if it will happen. Also, Daines and Moran now support the bill

Posted on | November 30, 2017 | No Comments

Sen. Susan Collins, R-Maine, proposed an amendment to let homeowners deduct up to $10,000 in local property taxes on the their federal returns. It is similar to a provision in the House-passed bill.

Without the deduction, Collins said, it would be “very problematic for me” to vote for the bill.

Collins would make up the estimated $146 billion in lost revenue by keeping the personal income tax rate for the wealthiest earners at 39.6 percent and make a smaller cut in the corporate tax rate. Trump and other Republicans insist that the corporate tax rate must be reduced from 35 percent to 20 percent.

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