SALT
Latest
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SALT Cap Expiration Could Be Costly Mistake
Read moreSome policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We...
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New SALT Proposals Would Improve House Bill
Read moreSo far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...
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SALT Repeal Just Below $1 Million is Still Costly and Regressive
Read moreTo avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...
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Two-Thirds of the “One Percent” Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreLast month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...
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"Revenue Neutral" SALT Cap Relief is Costly and Regressive
Read moreSeveral senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...
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SALT Cap Repeal Below $500k Still Costly and Regressive
Read moreAccording to press reports, the Senate is considering repealing the $10,000 cap on the state and local tax (SALT) deduction for those making $500,000...
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Marc Goldwein: There’s a baffling tax gift to the wealthy in the Democrats' social-spending bill
Read moreMarc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote an opinion...
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Two-Thirds of Millionaires Get a Tax Cut Under Build Back Better, Due to SALT Relief
Read moreThis week, the Tax Policy Center (TPC) released new estimates for how the Build Back Better Act will affect the tax burden of individuals at various...
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Build Back Better SALT Gains for the Rich Eclipse Child Credit Boost
Read moreThe current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10...
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$72,500 SALT Cap is Costly and Regressive
Read moreThe latest version of the Build Back Better Act being considered by the House Rules Committee would increase the state and local tax (SALT) deduction...
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5-Year SALT Cap Repeal Would Be Costliest Part of Build Back Better
Read moreAccording to press reports, policymakers are considering adding a five-year repeal of the $10,000 cap on the State and Local Tax (SALT) deduction to...
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Reconciliation May Deliver a Tax Cut to the Rich
Read moreWhile much of the discussion surrounding the Build Back Better reconciliation package has focused on tax increases on the rich, the final legislation...