In laws as complex as the one involving significant tax changes, adherents on all sides can say just about anything they want about its impact on one group or another before its implemented. So, we decided to turn to Steve Malanga, an expert in state and local finance at the Manhattan Institute, to break down a key element of the new law now that the dust has settled. Will residents in blue states, because of new limits on the destructibility of state and local taxes, get walloped? After all, the revenues the federal government stands to raise as a result of this change represents one of the biggest sources of new revenue in the law. And, yet, there are many elements of the law that stand to benefit some of the same people. It’s not a zero sum game, as you will learn in this conversation.