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The next few weeks may bring about the ramifications
of this in the Republican tax plan now unveiled on Capitol Hill. Maybe the hit
to the state-and-local tax deduction—especially common in states such as
New York and New Jersey, which tend to fund public services more
generously—will help leave this bill dead on arrival. We shall see. But, far
from “draining the swamp” in DC, this bill only leaves the alligators—those in
the 1%--more alive than ever.
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