Rush Limbaugh January 3rd 2019
Rush Limbaugh - Timeless Wisdom
The Rush Limbaugh Show
4.0 • 5.3K Ratings
🗓️ 3 January 2019
⏱️ 2 minutes
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Summary
New York, Connecticut, New Jersey, and Maryland are suing the Trump Administration of demanding more tax cuts.
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Transcript
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| 0:23.3 | Now have to hurry folks because the holiday sale ends January 8th. |
| 0:28.0 | Simplysafeusa.com. |
| 0:30.6 | Four liberal states, New York, Connecticut, New Jersey, and Maryland are suing the Trump |
| 0:34.8 | administration or demanding more tax cuts. |
| 0:37.5 | I kid you not. |
| 0:39.2 | Now in the old days, not that long ago, people could deduct their high state and local taxes |
| 0:44.8 | on their federal tax forms and it was an unlimited deduction. |
| 0:48.8 | But the new tax law from Trump caps the deduction at $10,000 and many in these states pay way |
| 0:54.9 | more than $10,000 in local and state taxes. |
| 0:58.4 | Now these states, they are really mad that the feds will not subsidize their high taxes |
| 1:03.7 | anymore. |
| 1:04.9 | The lawsuit claims that Trump's change will hurt property values and hurt job creation. |
| 1:10.7 | Worse, it'll hurt state budgets because these taxpayers are going to start paying attention |
| 1:15.6 | to state spending, which they can't have that. |
| 1:19.2 | And they're really, really, really mad because they say Republicans did all this on purpose |
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