How the GOP tax plan could impact Massachusetts taxpayers
Posted December 21, 2017 at 02:34 PM |
Updated December 21, 2017 at 01:54 PM
President Donald Trump and congressional Republicans this week touted the passage of a GOP tax overhaul plan as a "middle class miracle" that will provide needed tax relief to businesses and American families.
Democrats, however, have vocally opposed the bill and argued it would unduly benefit corporations and the wealthiest Americans. Members of Massachusetts' congressional delegation have further raised concerns about the bill's changes to deductions for state and local taxes, mortgage interest and other provisions.
Here's how the GOP tax bill could impact Massachusetts taxpayers: