Property tax repeal was passed by the House of Representatives yesterday. But don’t open the bubbly yet.

The House of Representatives repealed the measure that limited property tax deductions to $10,000 or less.  While many people view this as a “millionaires’ tax,” people here in California routinely pay that amount for normal, middle-class homes.  The Senate will not vote to pass the repeal, however.

Here’s the article from New York Times: https://www.nytimes.com/2019/12/19/business/salt-tax-repeal.html