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Why Would Congress Punish Colleges That Decline Federal Funds? A Hillsdale Mom Makes the Case for That ‘Hillsdale Exemption’

I checked with experts on the Hill this morning: the tax bill could be amended in conference to add new provisions like the 'Hillsdale Exemption' (it's called "air dropping"). But since the Senate is using the reconciliation process to pass the bill, it could get hung up under the Bird Rule as "too prescriptive" and force another vote on the bill. That is a risk too great to take. Corrections should be made later. College-bound scholarship students are counting on Congress to take that vote. ...

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Big Tax Cuts Likely for 80,000 Minnesotans Charged Obamacare Penalty

One of the most significant provisions of the Senate tax cuts got lost in the media frenzy immediately following passage. On the way to approving the most comprehensive tax reform since Reagan, the Senate also voted to kill Obamacare's individual mandate. And it doesn't exactly fit the liberals' narrative of tax breaks for the rich. The repeal amounts to a major tax cut in itself for millions of Americans. The beneficiaries of getting to keep their own money include nearly 82,000 Minnesotans who paid the federal government $35 million under the penalty for 2015. The tax hits middle and lower income Americans hardest...

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Eliminating deductions will hit high-tax Minnesota

Politicians passed high state tax rates into law. They told us high taxes are a good thing. They have repeatedly said that tax rates don't affect decisions about location, employment, and investment. If they really believe that, why are they worried about the abolition of the State and Local Tax Deduction? The fuss about SALT shows what these politicians really think. Talking about yanking up tax rates on the rich is one thing. Actually paying them is another. Actions speak louder than words, and in their defense of SALT these people are saying loud and clear "No new tax"...

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The state and local tax deduction allows high tax states to pass some of the burden on to others. It should be ended.

If people want to vote for higher taxes that is one thing. But if they do, they should pay them and not expect others to pick up the tab. By internalizing the burden of high state taxes more fully, abolishing the SALT deduction will enable Minnesota's voters to assess more accurately just whether or not they want to pay those higher taxes. It might be one of the few worthwhile tax hikes. ...

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