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Trump Pledges to Restore SALT Write-Off
"Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House," Bloomberg reports.Said Trump: "I will turn it around, get SALT back, lower your Taxes, and so much more.""Limi
politicalwire.com
"... Said Trump: “I will turn it around, get SALT back, lower your Taxes, and so much more.”
“Limiting the SALT deduction had broad support from Republican members of Congress — and not just because it helped offset other provisions to reduce tax rates and increase the standard deduction. Capping the deduction has had a disproportionate impact on jurisdictions that have higher taxes and property values — which tend to be dominated by Democrats.” ..."
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Previously, Trump had basically told high tax Blue states to go pound sand about the SALT deduction, but since he decided he can fund the entire government and payoff the National Debt with ... tariffs ... he is more than willing to promise to cut all income taxes for everyone, I think, if it gets him elected.