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Local economists break down impact of GOP tax plan on Southern Californians and LA housing market




Flanked by Speaker of the House Paul Ryan and House Ways and Means Committee chairman Rep. Kevin Brady (R-TX), President Donald Trump kisses an example of what a new tax form may look like as he speaks about tax reform legislation in the Cabinet Room at the White House, November 2, 2017 in Washington, DC.
Flanked by Speaker of the House Paul Ryan and House Ways and Means Committee chairman Rep. Kevin Brady (R-TX), President Donald Trump kisses an example of what a new tax form may look like as he speaks about tax reform legislation in the Cabinet Room at the White House, November 2, 2017 in Washington, DC.
Drew Angerer/Getty Images

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The Republican tax plan has significant implications for Californians.

Eliminating the state and local income tax deduction hits hard here. CA is a high tax state. Capping the deduction on mortgage interest also disproportionately affects high cost housing states like ours.

Larry discusses these issues and more with economists Robert Kleinhenz and Jerry Nickelsburg.

Guests:

Robert Kleinhenz, economist and executive director of research at Beacon Economics

Jerry Nickelsburg, director of the UCLA Anderson Forecast and professor of economics