Of course, the people who get back a small part of what they used to receive before Trump and the Republicans took it away will be so grateful that they are now getting a small piece of meat stuck to the bone that they throw at them.
SALT: state and local taxes. The tax was used to hurt primarily the Blue States so that billionaires like Trump, Musk, Bezos, and Zuckerberg could lower their own taxes.
New York Republicans came out of a Mar-a-Lago meeting with Donald Trump on Saturday confident that the incoming president is on board with increasing a key deduction for state and local taxes. And they have marching orders from Trump: Go back to Congress and negotiate a “fair number.”
“The president certainly wants to increase the deduction for SALT to provide more relief, because he knows that our mayors and governors are crushing taxpayers,” said Rep. Nicole Malliotakis (R-N.Y.) in an interview after the meeting. “He wants us to work on what would be a fair number.”
The deduction, known as SALT, has been a constant headache for lawmakers of both parties who represent states with high property taxes, such as New York, California and New Jersey. Republicans’ 2017 tax law put a $10,000 cap on the deduction, amounting to a tax increase for many voters, and both Democratic and GOP members from those states have been pushing for a fix ever since. While the lawmakers didn’t come to an agreement on specific policy proposal that would go in a huge, party-line bill that would tackle taxes, energy and the border, momentum towards consensus on the SALT deduction is a big step forward for Republicans on passing their party’s priorities.
We live in a country, maybe a world, where ignorance and stupidity are abundant. I don’t think we can increase our collective awareness by importing Indians as indentured servants.