Self-described moderates in the GOP are rallying behind a policy favored by centrists of both parties and which economists consider a major tax cut for America’s “merely wealthy” professionals. At the same time, President Donald Trump, who is now attempting to push through the bill as is, appears to have flipped on the issue multiple times.
In the current GOP budget bill, expected to go to a floor vote as soon as this week, GOP “moderates” appear to have successfully tacked on a major increase to the State and Local Tax Deduction cap, a policy that allows households to deduct their state and local taxes on their federal tax filings.
