But let's be clear, US median household income is $59,039, so the $50K you cite is not actually "very little money" but rather a normal income for a household. Agreed that in reality, it is very little money when we take into account CoL, household debt, etc. This bill, combined with the ongoing burden of health care expenses, will continue to cripple the typical US household.
they'll only be able to deduct 10k of the prop taxes too