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Tax plan tension: Californians could take hit under Trump's proposal




NEW YORK, NY - DECEMBER 14: President-elect Donald Trump listens during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City. This is the first major meeting between President-elect Trump and technology industry leaders. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - DECEMBER 14: President-elect Donald Trump listens during a meeting with technology executives at Trump Tower, December 14, 2016 in New York City. This is the first major meeting between President-elect Trump and technology industry leaders. (Photo by Drew Angerer/Getty Images)
Drew Angerer/Getty Images

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President Trump pitched his tax plan in Indianapolis Wednesday, saying it will make the tax code "simple and fair."

But early analysis shows it might just be a little less fair for Californians. Much of the current concern is centered around California's state and local tax deduction or "SALT."

Currently, individuals can deduct SALTs from their federal income tax. But the Trump tax plan could end it.

L.A. Times congressional reporter Sarah Wire says that could have some adverse political ramifications for Republicans:

"It affects a lot of middle and upper-class areas, which means that places like Orange County where Democrats are focused at this time could lose a lot."

To hear more about how people with mortgages higher than $500,000 could be affected, click the blue play button above. 



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