District Itemizes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Right now about the tax bill besides the repeal of the state and local tax deduction? you hate that because it affects so many people out in long island where you represent that district. >> yeah, that's certainly a big one because as you look through the bill as a whole, there are some very good aspects to it as it relates to the corporate side. on the personal side, i'm crunching numbers for my own constituents, and as you pointed out where i have a district where about half of my district itemizes, the biggest itemization is the state and local tax deduction. it has a mortgage interest dedu...

Examples. when i added it up for my district, i had too many people who would be paying for and i had to oppose it. >> one of the things when we've been interviewing architects of the bill and people who support it, they say most americans take the standard deduction and they're getting a better result as a result of the bill. really itemizing is for the rich. apparently, that doesn't match up with what you say about your constituents. >> well, about half of my constituents itemize. middle income for some of the people who may be watching your show, they may be thinking $80,000. someone else m...