Look out, wealthy Boston suburbs: Here comes the GOP tax bill


The tax bill racing through Congress this month could transform the US economy, cutting taxes for wealthy investors and everyday workers alike, and — its backers hope — sparking economic growth nationwide for years to come.

But as its details emerge, there’s increasing concern it would do so at the expense of a key slice of the local economy: well-paid, white-collar, suburban families.

Proposed changes targeting popular federal write-offs for home mortgages, student loan debt, and state and municipal taxes could hit especially hard in many Boston-area suburbs, where six-figure household incomes often belie budgets already stretched thin to meet the high costs of housing, child care — and the property taxes that fund some of the nation’s best public schools.