or, “Why Democrats should oppose the state and local tax deduction.” (Part I in commentary on the GOP tax reform.) After much debate and many news reports on the topic, the current GOP tax proposal includes a cap of $10,000 on state and local tax deductions — that’s state income taxes, local property taxes, sales taxes as an alternative for states without an income tax, and the like. And while we were waiting for the announcement, there was much moaning... Read more