Trump sounds reversal on SALT deduction cap ...Middle East

The Hill - News
Trump sounds reversal on SALT deduction cap
source : The Hill ( Middle East ) () 29
Former President Trump sounded an about-face Tuesday on the controversial tax policy known as the SALT deduction cap, breaking from a major provision in his signature piece of domestic policy. “I will turn it around, get SALT back, lower your Taxes, and so much more. I’ll work with the Democrat Governor and Mayor, and make sure the funding is there,” he wrote on his social media platform, Truth Social, on Tuesday afternoon. The SALT deduction cap — which stands for State And Local Tax — was instituted at $10,000 in the 2017 Trump tax cuts and was deeply unpopular in Democratic states, where the deduction was used as a tax break by many higher income households. Democrats were qui

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