As L.A. burns, Republicans vote for a tax hike on the victims - Actually it is about removing the deduction for catastrophic loss. | The Cult of Belial | Scoop.it

According to the Los Angeles Times, contained within the horrendous Republican tax bill is a literal tax hike on people whose property is destroyed or damaged by “natural disasters like hurricanes, tornadoes, floods and earthquakes." This will also affect "losses from fires, accidents, thefts or vandalism.” It turns out the Republicans decided to help pay for their tax cuts for the super-wealthy by eliminating the “casualty loss” tax deduction for victims of these natural disasters.