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I hope you understand that the SALT deduction that Dems want that he is referring to is a tax cut for the wealthy only. It exclusively applies to people wealthy
by simonsarris 5y ago
I hope you understand that the SALT deduction that Dems want that he is referring to is a tax cut for the wealthy only. It exclusively applies to people wealthy enough to break the cap.
https://www.nytimes.com/2021/11/02/us/politics/salt-cap-tax-deduction.html https://www.nytimes.com/2021/11/02/us/politics/salt-cap-tax-...
- rsfern 5y agoIt seems a bit misleading to focus on just this SALT cap aspect when that is part of a broader tax policy change. It’s at least being pitched as a sort of political compromise to get the rest of the build back better plan through. Thoughts? NYT is paywalled, but I found https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-democrats-biden https://www.vox.com/2021/11/6/22766735/salt-deduction-cap-de... interesting
- mtberatwork 5y agoI was responding to the parent's remark that "any tax cuts are trickle down?". As I mentioned, tax cuts on the wealthy pushed as wealth generating mechanisms for the lower classes is the literal definition of "trickle-down economics". Furthermore, who is saying the Dems never push the "trickle-down" argument themselves?