BOTTOM LINE--Democrats Knock it off--Try voting differently---WALL STREET JOURNAL The Editorial Board -May 23, 2018 6:21 p.m. ET.....On Wednesday the Treasury Department put out a notice that “informs taxpayers” that the Internal Revenue Service intends to promulgate regulations on the tax treatment of “certain payments made by taxpayers” that count as a “credit” against state and local taxes....The reference is to schemes cooked up by innovative minds in places such as the California state legislature. Democrats are trying to set up a “California Excellence Fund” so that taxpayers can claim donations to the fund as a credit against state tax liability...the IRS message is: Knock it off. The message is also a warning to taxpayers that they shouldn’t count on this or other gimmicks to reduce their tax burden. They should try voting for state and local politicians who won’t drive them out of the state.
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