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relief for your new jersey constituents who lost their state and local tax deduction under the trump tax cuts, because president biden is now talking about raising taxes on people who make more than $400,000 in order to pay for the social spending in the reconciliation bill. northern new jersey, i don t have to tell you, has a high cost of living, $400,000 doesn t go as far in jersey as in other places. as both sides position for leverage, is the leverage you re trying to get making taxes lower, not higher, on the people you represent? well, of course i want taxes to be lower and more affordable so people can afford to live where we live. it s a beautiful place, it s very expensive. we re trying to get costs down and reinstate the local tax deduction. what we ll vote on in the house at the end is a bill that will get out of the senate. we ll get this passed in reconciliation, we ll get that done.
she d make abortion a crime. and polls are tightened here in washington state and south in california, so much so that abc news is changing the designation from these key senate races from lean democratic to toss job. jake tapper, abc news, seattle, washington. among all of the bailout programs launched during the financial meltdown propping up freddie mac and fannie mae looks to be most expensive. taxpayers could spend $259 billion just to keep them afloat. the two companies by home loans, some lendered turned them into bonds and guaranteed those loans. candidates are cranking up their campaign promises mostly about taxes before the midterm vote next month. making taxes is a fact of life and finding a loophole isn t easy. unless your corporation has found a way to vad the tax man. david muir is on the money trail. reporter: the report finds