Political Quotes

“I have gone through three of the horribles here, the student loans and the graduate deductions. We have seen disasters across America: floods, hurricanes, California fires, thousands of homes lost in California. So what does this brilliant tax thing do? It eliminates the casualty loss deduction. {time} 1845 It eliminates the casualty loss deduction. So if your home burns down in a fire--maybe it is one of the catastrophic fires that are now burning in California--your home is gone. Comes time the next year to pay your taxes, you can deduct the loss that you had incurred. Not anymore. Not what our brilliant tax writers on the Republican side would do. The casualty loss disappears. If that is not enough, you have lost your home, you have lost your job, and you need to move. You need to move your family. They eliminate the moving expense deduction. How is a family going to get a better job? You used to be able--you would today--to eliminate--you would be able to write off the moving expense. But not with the tax bill.”