Robert ReichTeachers can only write off $300 on their taxes for classroom expenses
Most Americans can write off zero dollars for business expenses
Trump writes off $130,000 in hush money he paid Stormy Daniels as a business expense
Gdekhayser@rbreich the biggest hustle was when regular folks lost the deductions for unreimbursed business-related expenses (and SALT >10k).
Pro-Democracy Coalition GuyI'm still mad about the salt loss. It was a direct hit against "blue states". They didn't even try to hide it. Just laughed and said "watch us own the libs". A large portion of America was just fine with it.
@whateva_0331 @rbreich Iowa gets ethanol. TExas gets oil subsidies. SALT was ours. We put in SO much more in Fed tax than we get out.