 |
|
Why A Scathing Wall Street Is Furious At The Trump Tax Plan
Posted on: December 20, 2017 at 20:12:27 CT
JeffB MU
Posts:
69636
Member For:
20.86 yrs
Level:
User
M.O.B. Votes:
0
http://www.zerohedge.com/news/2017-12-20/why-scathing-wall-street-furious-trump-tax-plan
Back in October 2016, the "millionaire, billionaire, private jet owners" of America's elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a 'patriotic duty'. Unfortunately, now that Trump has given them exactly what they apparently wanted...an amazing opportunity to 'spread their wealth around"...they're suddenly feeling a lot less patriotic.
Of course, as we've noted numerous times, while most people across the country and across the income spectrum will benefit from the Republican tax reform package, the folks who stand to lose are those living in high-tax states with expensive real estate as their SALT, mortgage interest and property tax deductions will suddenly be capped. And, as Bloomberg points out today, that has a lot of Wall Street Traders in New York drowning their sorrows in expensive vodka and considering a move to Florida. ...
Back in October 2016, the "millionaire, billionaire, private jet owners" of America's elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a 'patriotic duty'. Unfortunately, now that Trump has given them exactly what they apparently wanted...an amazing opportunity to 'spread their wealth around"...they're suddenly feeling a lot less patriotic.
Of course, as we've noted numerous times, while most people across the country and across the income spectrum will benefit from the Republican tax reform package, the folks who stand to lose are those living in high-tax states with expensive real estate as their SALT, mortgage interest and property tax deductions will suddenly be capped. And, as Bloomberg points out today, that has a lot of Wall Street Traders in New York drowning their sorrows in expensive vodka and considering a move to Florida. ...
Please explain why this message is being reported.
MESSAGE THREAD
Why A Scathing Wall Street Is Furious At The Trump Tax Plan - JeffB MU - 12/20 20:12:27If the federal government takes more than it needs like you - Butcher of Bakersfield STL - 12/20 21:09:19