Contrary to their claims, it doesn’t just affect the rich. It many of us in high tax states, and was politically motivated.
Here in Massachusetts, paying the average property tax plus state income tax on the average income already hits the cap, then you have various excise and sales taxes. Sure, we choose higher taxes to pay for a higher quality of life, but Trump’s SALT cap means we pay taxes on taxes, which is just wrong. For the people who oppose changing or removing this, are you really saying an income of $46,000 is rich?
It does need to go but I would never trust the person who created it in the first place, nor give him credit for backing out his own spiteful action
Contrary to their claims, it doesn’t just affect the rich. It many of us in high tax states, and was politically motivated.
Here in Massachusetts, paying the average property tax plus state income tax on the average income already hits the cap, then you have various excise and sales taxes. Sure, we choose higher taxes to pay for a higher quality of life, but Trump’s SALT cap means we pay taxes on taxes, which is just wrong. For the people who oppose changing or removing this, are you really saying an income of $46,000 is rich?
It does need to go but I would never trust the person who created it in the first place, nor give him credit for backing out his own spiteful action
The SALT reductions weren’t designed to target the rich; they were designed to punish blue state voters for not worshipping the moldy orange god.
Blue state economic successes are proof that Conservative ideology doesn’t lead to prosperity; ergo they must be demonized.