Tax items in reconciliation bill

[kathyc2]

https://taxfoundation.org/research/all/federal/big-beautiful-bill-house-gop-tax-plan/

Under the title of bill, you can download to Excel the "cost" of items. 

 

[JimTaxes]

Limit the value of itemized deductions to 35 cents on the dollar?  what does not mean

[kathyc2]

33 minutes ago, JimTaxes said:

Limit the value of itemized deductions to 35 cents on the dollar?  what does not mean

Those in 37% rate are limited to taxable income reduction from itemized at a 35% rate.  Scored at ~1.5B per year.

Also included is bringing back Pease, scored at ~18B per year.

[JimTaxes]

4 minutes ago, kathyc2 said:

Those in 37% rate are limited to taxable income reduction from itemized at a 35% rate.  Scored at ~1.5B per year.

Also included is bringing back Pease, scored at ~18B per year.

thank you!