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Message
re: Expiration of “Trump” tax cuts
Posted on 5/3/24 at 11:19 pm to slackster
Posted on 5/3/24 at 11:19 pm to slackster
quote:
SALT cap would be removed
This is why Democrats would probably not support it. SALT deductions are big in high tax states, so for their voter interests it's their calculation that letting taxes go up by letting those sunset, BUT also getting the SALT back is a net win for them.
This post was edited on 5/3/24 at 11:19 pm
2
Posted on 5/4/24 at 7:00 am to Teddy Ruxpin
Biden’s press secretary said they’re going to magically only sunset for people making over 400k.
“But the law doesn’t work that way. It’s going to sunset for everybody not just those making over 400k…”
“The President has made it very clear he’s not going to raise taxes on anybody making over 400k”
Thanks so much for the clarity…
“But the law doesn’t work that way. It’s going to sunset for everybody not just those making over 400k…”
“The President has made it very clear he’s not going to raise taxes on anybody making over 400k”
Thanks so much for the clarity…Posted on 5/7/24 at 4:40 pm to Teddy Ruxpin
quote:
This is why Democrats would probably not support it. SALT deductions are big in high tax states, so for their voter interests it's their calculation that letting taxes go up by letting those sunset, BUT also getting the SALT back is a net win for them.
Republicans should be pushing for SALT to be 100% non deductible and call the deduction what it is, a massive tax break for the 1%.
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