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help pay for tax cuts elsewhere. here s another hang-up, the proposal to cap the new mortgage deductions at $500,000 instead of a million. well, again, that could hit states with expensive real estate, new york and california among others. the bill does preserve the property tax deduction of $10,000. it keeps 401(k) plans as they are, and it would go into effect january 1, 2018, meaning, david, that it s not retroactive. david: no. and that bothers a lot of people too because they were hoping for a boost going into 2018. reporter: i know. david deafd all right. a lot of critics are saying the republicans missed an opportunity to go big and bold. joining me now is forbes opinions editor john tammy and gary call palm. they have the house, the senate and the white house. everybody thought with that they re going to go as big and bold as, say, the democrats went eight years ago with health
party loyalty that predecessor had eight years ago and now attacking people that used to be loyal to him, i think the problems are going to get worse. a nasty shotgun marriage. half of all foreclosures in the country, people faced medical costs, they are facing bankruptcy from it. that s the important fact. another 10% increase in premiums next year. john tammy said and rightly so, obamacare will belly up any, imploding, the problem that trump is facing is not that mcconnell is not a good tactician, he s an excellent tactician, the problem is the republican party by in large has shifted from ronald reagan s day where the majority was liberty and freedom towards a big government party. the one thing that ronald reagan did that was different, he claimed to come in and clean the swamp but did so with smile