In towns and cities nationwide, fears of trickle-down effects of federal tax legislation

The following article by Renae Merle and Peter Jamison was posted on the Washington Post website November 17, 2017:

The Trump administration says its tax plan will help ordinary Americans, but some GOP figures have acknowledged big business and political donors will benefit. (Taylor Turner/The Washington Post)

It took the city of Pataskala, Ohio, nine ballot measures before its 15,000 residents agreed to a new 1 percent tax to pay for repairs to its crumbling roads and to buy new police cruisers. The mostly rural community was finally won over by a century-old hallmark of the tax code: The $5 million local levy could be deducted from their federal taxes.

“There is a severe sensitivity to more taxes here,” said James M. Nicholson, the city’s finance director. “At the end of the day, you get a tax break was the thing that convinced people.” Continue reading “In towns and cities nationwide, fears of trickle-down effects of federal tax legislation”