Animal House Tax Policy

ALBANY, N.Y. (AP) — New York, New Jersey, Connecticut and Maryland sued the federal government over the Republican-led tax overhaul Tuesday, alleging the new law championed by President Donald Trump unfairly singles out high-tax blue states. — wsaz.com

I thought this was noteworthy in that I can’t remember ever in my life hearing a Democrat say anything about people in high tax brackets other than they are not paying their “fair share.” If a Democrat has ever before said that people in high tax brackets are being singled out unfairly, I can’t remember it.

The new federal tax law passed last year caps the deduction for state and local taxes at $10,000, meaning that residents of high-tax states like New York, New Jersey, Connecticut and Maryland — and California, where I currently live — will see big increases in their federal tax bill.

It reminds me of a scene from Animal House:

“He can’t do that to our pledges!”

“Only we can do that to our pledges!”

He can’t impose high taxes on our residents! Only we can impose high taxes on our residents!

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