Keep SALT cap to truly support middle class | Letters

Published by

In 2019, I planned to speak in support ofrepealing the State And Local Tax (SALT) cap, which ended an unlimited deduction for state and local taxes against federal income taxes. Now I know I was wrong. The SALT deduction was capped at $10,000 as part of the 2017 federal tax-cut law. Some say the previously unlimited cap avoids double taxation, but the numbers show it was a huge handout to the rich. Analyses from ends of the political spectrum have found that repealing the SALT cap would overwhelmingly benefit the richest taxpayers. Promoted as protecting the middle class and vehemently demande…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *