Bethesda Magazine

Officials say limiting mortgage interest deduction, eliminating the state and local tax deduction would have significant impact

Two proposals in the House and Senate Republicans’ tax cut plan likely would result in higher federal tax payments for tens of thousands of middle-class Montgomery County residents who itemize their returns.

“This is a tax bill that would be devastating to middle-class and upper-middle-class earners,” Rep. Jamie Raskin, a Democrat, said in an interview Friday. “It goes without saying—this would be a nightmare for working-class people.”

Read more here.