It’s only four days in and California is already gearing up to make a pass at one of the GOP tax bill’s most damaging provisions — a $10,000 cap on previous unlimited state and local income and property tax deductions.
Kevin de León, president pro tempore of the state senate, is expected to introduce legislation that would partially bypass the rule by allowing residents who choose to itemize to make a contribution to a specific state fund as an alternative to paying income taxes. Residents could in turn claim their payments as charitable deductions.
Although the bold approach is hardly unprecedented, with 17 other states partaking in similar practices, and would be no doubt beneficial, host Brian Copeland can’t help but think the measure may be pushing the ethical boundaries a little bit too far. He opened the phone lines to listeners to get their opinion on the topic.
Listen to the full segment below or skip directly to the 10:15 mark to hear what callers had to say.