The current Trump tax cuts include limits on the federal income tax deduction for state and local taxes, impacting middle and upper-income Californians more than others.
Republicans aim to quickly extend the 2017 tax cuts set to expire next year, seen as a top priority despite the complexities surrounding state and local tax deductions.
Lifting the cap on state and local tax deductions is estimated to cost $1.2 trillion over 10 years and is perceived largely as a tax benefit for the wealthy.
The 2017 tax cut reform eliminated personal exemptions and led to a lower top tax rate, significantly changing individual and business tax calculations.
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