Powerful Democratic Senator Complains GOP Tax Bill…Harms The Rich

The Daily Caller | 12/17/2017 | Staff
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California Senator Dianne Feinstein, the ranking Democrat on the powerful Senate Judiciary Committee, is not happy with the tax cut bill Republicans in the House and Senate have agreed to. However, unlike most Democrats, Feinstein isn’t engaging in the usual attack her party unleashed on tax cut — that it will only help the rich — instead, she’s complaining that the bill would harm some of the wealthiest Californians.

On Sunday afternoon Feinstein tweeted, “The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties.”

California - Counties - Feinstein - Country - Property

The California counties Feinstein cited are some of the wealthiest in the country, and their property values reflect that fact.

(Excerpt) Read more at: The Daily Caller
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