Perfect Timing – GOP Tax Bill Cuts Deduction for Wildfire Losses
As wildfires rage throughout California, back in Washington Republican lawmakers have eliminated the deduction for property losses due to wildfires or other natural disasters. I know California didn’t vote for Trump, and is overwhelmingly Democratic, but seriously? This feels personal.
As the Thomas Fire, the fifth largest fire in American history, continues to rage this morning, threatening Santa Barbara, and as images of hundreds of lost homes, dead horses, and tens of thousands of displaced Californians fill the news feeds, the timing could not have been worse. Sure am glad the Republicans in Washington are taking away a nominal tax break for regular people suffering the worst days of their lives so that the richest corporations and individuals can have more money they don’t need.