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Democrats and Republicans alike panned Trump’s proposal to bring back a controversial deduction for state and local taxes.
Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...
The effect of adjusting the per capita personal income by the cost of living is to narrow the difference in the standard of living between most high-income cities and most low-income cities. The BEA defines regional price parities as an estimate of "the differences in price levels across states and metropolitan areas for a given year and are ...
Republicans are open to raising the state and local tax (SALT) deduction cap that the party championed and put in place under former President Trump seven years ago as they aim to win total ...
McDonnell, the Republican Party nominee, had also unsuccessfully challenged Taylor in both 1998 and 2000. Taylor first was elected in 1989 to Mississippi's 5th congressional district , after having lost to Larkin I. Smith in the 1988 race for that open seat, which had been vacated by Trent Lott when Lott made a successful run for the Senate .
A number of GOP seats flipped blue as upper middle class Republicans in the suburbs took issue with the Trump tax bill's cap on state and local tax deductions.
The 2nd district includes the entirety of the following counties, with the exception of Hinds and Madison, which it shares with the 3rd district.The 2nd district takes in all of Hinds County with the exception of a portion of eastern Jackson, while Madison County communities in the district include Kearney Park and most of Canton, part of Gluckstadt, and part of Flora (all of which are shared ...
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