MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
By Todd C. Frankel @ WashingtonPost.com, Nov. 9
For residents of well-to-do suburbs in red and blue states alike, the Republican tax overhaul could result in a financial squeeze if popular deductions are cut or disappear. And the GOP is already concerned about the political risks of attacking provisions favored by prosperous suburbanites.
ALPHARETTA, Ga. — On the income distribution charts at the center of tax overhaul plans, Courtney Mishoe knows she’s doing well. She works as a tax manager at a firm in the Atlanta suburbs. Her husband is a police officer. Together, they make more than $180,000 a year. They are solidly in the upper middle class. But they have a mortgage and three kids, including one in day care and another in high school with plans to go to college. It all adds up. They depend on tax deductions to make their budget work.
“I don’t feel wealthy,” Mishoe said. “I don’t have a bunch of money stashed away anywhere.”
Mishoe is the type of person — affluent enough for an annual family vacation but not enough for a boat or second home — who potentially stands to lose under the Republican framework for changing the country’s tax code [....]