Democrats’ seek to help wealthy in response to tax changes

[Right_in_Virginia]

Democrats’ seek to help wealthy in response to tax changes
Associated Press, Mar 3, 2018, GEOFF MULVIHILL

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Proponents say the cap on state and local tax deductions disproportionately affects states controlled by Democrats and raises the cost of living. They say that has the potential to drive well-off residents to other states.

California state Senate President Pro Tem Kevin de Leon, a Democrat sponsoring the bill there, said the state budget would take a big hit if wealthier residents flee California because they pay the bulk of the taxes.  “We have to offer services like schools, like health care, like resources for senior citizens who have Alzheimer’s,” he said. 

John Moorlach, a Republican state senator, finds irony in the Democrats’ efforts.  Last year, a Democratic colleague sarcastically thanked him for taking a stance that would protect yacht owners. This year, Moorlach had a retort: “It’s rich that you guys are trying to help the wealthy now in California,” he said at a January committee meeting. “So welcome aboard.”

De Leon, who is running for U.S. Senate, said it’s the first time he’s ever been criticized for helping the wealthy.

Republican critics say the states should be reassessing their taxes instead of trying to circumvent the new tax law.


Read more: https://apnews.com/81fceaf6752a4727a5981a835600589a/Democrats'-seek-to-help-wealthy-in-response-to-tax-changes

[Right_in_Virginia]

The rest of the article, talks about proposals ... or "creative money-laundering".