Perhaps the most incredible and telling provision in the Senate bill relates to local property taxes and demonstrates the unworldliness of Senate unthinking and irresponsibility. That provision would give homeowners who do not itemize a new above-the-line deduction of up to $1000 to offset their property taxes, but would deny the new deduction to any resident of a locality that raises its property tax rate between April 2 and next January 1, broadly preempting local taxing authority in a way most harmful to localities the hardest hit by the foreclosure crisis--the ones most forced to raise property taxes in order to balance their budgets. Because most local governments are on a June or July 1 fiscal year, the Senate provision is like a dagger--for not only would it further imbalance the federal deficit and debt, but also increase inflationary pressures by more weakening of the dollar--just what local governments, which MUST balance their budgets annually, least need. So, apparently, the idea is to try and do greater harm to the communities in the U.S. most adversely impacted by the foreclosure crisis--in addition, of course, to the next generation of all Americans.