Why Repealing The State And Local Tax Deduction Is So Hard
Posted: Sat Jun 03, 2017 8:04 am
Forbes - 5/31/2017 - Howard Gleckman - If you want to know how hard it will be for the Trump Administration and the House GOP leadership to pass a tax bill that substantially cuts rates without adding to the deficit, take a look at the politics of the individual income tax’s state and local tax deduction (aka SALT). A quick peek at the makeup of the House tells the story: There are more than enough Republicans from high-tax states to block efforts to kill the deduction. Read more @ https://www.forbes.com/sites/beltway/20 ... 3993f4d31d