OPINION: Future wildfire victims will pay for this bill
Among the many popular deductions that the
Both of
"Eliminating this deduction for casualty losses will make it harder for middle class and low income families to recover after a wildfire. We cannot have a tax bill that gives tax breaks to corporations and the wealthy on the back of families recovering from a disaster."
And a similar statement from
"I'm urging
From a 2014
"The majority of people who lost homes in the
Fire will come to this place again, licking the edges of suburban sprawl, whipping embers up and over the rooftops in the heart of our cities. Eliminating the wildfire loss deduction will hurt our neighbors. It will hurt Americans who just lost most or everything they own, who are either uninsured or under-insured. And according to the Los Angeles Times, that's at least 80 percent of homeowners in
The casualty loss deduction is not a special interest loophole. I'm not sure who the constituency for eliminating it would even be. And it's not a budget breaker. Taxpayers nationwide deducted
This is a terrible, cruel idea. All four
Reach
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