The Trump loophole on state deductions

Guess which New York resident would still get to deduct state and local taxes from his federal tax bill?

President Donald Trump.
(Image credit: SAUL LOEB/AFP/Getty Images)

The House Republicans' new tax "reform" bill is even worse than you think.

As I've already written, its central organizing principle is to shovel massive amounts of money to the already-wealthy. But a group of New York University (NYU) law professors just caught a sneaky aspect of the bill that takes this tendency to galling new heights.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.