Posted on Nov 6, 2021
Democrats are trying to sneak in a massive and unnecessary tax cut for the rich as part of their...
449
10
3
2
2
0
Posted in these groups: Income Tax
Democrats
Democrats
Posted 3 y ago
Responses: 2
2
2
0
The Democrats are doing a few things to get enough Republicans on board to pass it...
(2)
(0)
SFC Casey O'Mally
This is not something to get Republican buy-in. This is something targeted at the ultra-wealthy - but almost entirely at the ultra-wealthy in blue states. It is a way to make red state taxpayers subsidize blue states. Which, as a matter of practical politics, is not a way to get Republican buy-in.
Plus, it has the added con of just being a bad idea.
Plus, it has the added con of just being a bad idea.
(2)
(0)
1
1
0
Here is a rebuttal article about SALT. It is not new and has been around since 1913. It is not about a tax cut for the rich, but about how to balance federal deductions with states that have high taxes
https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-democrats-biden
https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-democrats-biden
What proposed SALT changes could mean for your next tax bill
The Build Back Better Act could include an increased cap for the state and local tax deduction.
(1)
(0)
Read This Next
Continue with Facebook 
Continue with Google