Several studies showed that taxpayers in these states will be hit with huge tax increases because the legislation eliminates or limits their ability to deduct their state and local property taxes. It also limits their ability.
In 2017 alone, Californians will suffer the largest net tax increase of $12.1 billion, according to the Institute of Taxation and Economic Policy (ITEP).
During the Bloomberg interview, Gov. Brown said he believes the GOP tax reform bill is targeting California. He said, “I’m sure that was on the minds on some people,” in response to the question on the issue. He also emphasized that the entire country will experience the pain once California is hurt.
According to Gov. Brown, “California is one of the major contributors to the wealth of America. So when you step on California, you’re stepping on America.” He added that it’s too early to determine the full extent of damage the legislation will bring to California.
Furthermore, the governor that noted that three Republican members of the California congressional delegation voted against the GOP tax reform bill. However, 11 Republicans supported it, which he considered “a form of declaring war on their fellow neighbors and citizens.”
