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Some rich people will love at least one sweetener in Democrats' $3.5 trillion plan

By Brent W Ambrose, Jason and Julie Borrelli Faculty Chair in Real Estate and Professor of Real Estate, Penn State
David C. Ling, Professor of Real Estate, University of Florida
Gary McGill, Senior Associate Dean & Professor of Accounting, University of Florida
Pat Hendershott, Emeritus Professor of Finance, University of Aberdeen

The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.

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