New York Politicians Trade Barbs over SALT Deduction in Trump's Budget Bill

NY Republicans eke out SALT deal in federal spending bill

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.

New York politicians trade barbs over SALT deduction in Trump's budget bill

(The Center Square) — New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that increases the SALT deduction, with Republicans praising the move as a tax cut and Democrats blasting them…

What you need to know about the SALT deduction in Trump's tax bill

By Lauren Young

The SALT deduction: Republicans’ tax break for wealthy blue-staters

Republicans from wealthy congressional districts in high-tax states threatened to kill President Donald Trump’s “one big, beautiful bill” if they could not tack on a massive tax break for their wealthy constituents. They got their way in the bill that passed in the House on Thursday morning. The matter in question is the deductibility of... The post The SALT deduction: Republicans’ tax break for wealthy blue-staters appeared first on Daily Truth…

The OPPOSITE of Tax Reform

Speaking of the tax bill… As all our readers know, the state and local tax deduction (SALT) deal in the House bill is outrageous, crazy, and infuriating. It quadruples from $10,000 to $40,000 the deduction level, which is a giant tax giveaway to mostly millionaires and billionaires who freely choose to live in high-tax blue states. Below we show the details. This also reverses one of the great features of the 2017 tax bill, which was to dramatic…