Why doesn't anyone discuss the potential impact of the capital gains tax hike inherent in the recently passed legislation? All residents of high tax states who still itemize will now pay higher effective tax rates on their capital gains than they did under the old law.

Why doesn't anyone discuss the potential impact of the capital gains tax hike inherent in the recently passed legislation? All residents of high tax states who still itemize will now pay higher effective tax rates on their capital gains than they did under the old law.

— Peter Schiff (@PeterSchiff) January 8, 2018