Congressional Republicans, on a month-long recess, are currently devising strategies for tax reform—namely, how to reduce rates while maintaining revenue.
According to Dan Walters, one of those proposals involves the elimination of the SALT (State and Local Tax) program which, as its name implies, allows federal deductions for state and local taxes.
In California, where progressive, tax-intensive policies have been in place for decades, the proposed plan would hit residents especially hard.
As Walters points out, the most heavily impacted individuals will be those with the highest earnings, making for an ironic turn of events.
Read more from CALMatters here: California dodges Obamacare bullet, but GOP may fire another on taxes