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and premiums will go up. it s not people who don t want to spend money on health care, now the people who want to buy health care on their own will have to pay a higher price for that. and middle class families who live in states like new york, new jersey, virginia, california, are going to see their taxes go up. this is not a tax bill that is equitable by any stretch of the imagination. i think it s important we unpack that a little bit. the idea that people in high-tax states will lose the ability to itemize their state tax deduction does have an impact. however, there are also lower rates for those families. most people in those states actually wind up much better off. i would just argue with the increase in economic activity, because i think that is emotional but it has never provd to proved to be the fact. this just does not happen. we have the highest tax rate in the developmental world.
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republicans, they will [ inaudible ] the day they supported this bill. one point you re right one point? and that i will grant you is that they will regret it because actually where you re wrong and right is that wrong and right. republican donors are getting slammed. republican donors who live on the coast in california, the really deep pocketed ones who fund the presidential campaigns, all the independent expenditures high tax areas. the states that have the s.a.l.t. in new york and california getting gutted and angry at the republican party because of all the things they expected even if they did not like trump they didn t expect their taxes to go up. an estate tax deduction, pass-through deduction, deductions most are not eligible for pass-throughs. all the other deductions that benefit the wealthy, some cases they offset the increase in the s.a.l.t. we have to leave it there. here s the good news, we ll get to keep debating for a while after it pa
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