Source: RealClearPolitics
by Froma Harrop
“At least six congressional Republicans are demanding a radical fix in the 2017 tax law targeting residents of high-income states. If they don’t get it, they may sink Donald Trump’s tax-and-spending package, his ‘one big beautiful bill.’ And who can blame these reps from New York, New Jersey and California? At issue is the unfair cap on the state and local taxes (SALT) their constituents may deduct from federally taxable income. The SALT deduction, unlimited before 2017, was set at a maximum $10,000. What made it sweet to other Republicans was that it paid for some of those tax cuts by milking taxpayers in wealthier Democratic states. And that has made voters in key suburban districts sore.” [editor’s note: As I’ve noted before, the SALT cap whining reveals the hypocrisy of those who oppose it while simultaneously yelling “TAX THE RICH!” – TLK] (05/13/25)