Reply to Trump flip flops on SALT Tax Deduction

Forum Index » Money and Finances

Reply to "Trump flip flops on SALT Tax Deduction"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]From a few hours ago:

[quote][i]
“Tax writers on the House Ways and Means Committee have offered to raise the cap to $30,000 for joint filers making up to $400,000 a year. But suburban Republicans from higher-tax blue states have said that number isn’t going to cut it and are threatening to spike the entire bill if they don’t get the increase they want to see.

Republican members of the SALT Caucus have advocated for a $62,000 cap and $124,000 for couples. GOP leadership reportedly discussed raising the cap to $40,000 for individuals and $80,000 for couples with hard-liners in their conference over the weekend, suggesting those could be the new numbers for a final compromise.”[/i][/quote]

https://thehill.com/homenews/state-watch/5307949-salt-tax-cap-fight/amp/

The NY/NJ Republican SALT caucus have all the leverage right now. If they don’t vote for this, SALT limit goes away at end of year. Spending gets frozen at 2024 levels via another continuing resolution. 2017 corporate tax cuts are permanent. US debt trajectory looks more stable, borrowing costs for US go down. Win-win-win-win for the vestiges of Northeast Republicans.

[/quote]

Yeah except for the death threats- ask Thom Tillis how that works.

https://www.vanityfair.com/news/story/trump-congress-political-violence[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics