Former President Donald Trump has called on House Republicans to establish a “fair number” regarding the state and local tax (SALT) deductions, a contentious issue that has significant implications for taxpayers in high-tax states. This request comes as lawmakers consider potential changes to tax policy, with Trump emphasizing the need for a balanced approach that addresses the concerns of constituents affected by the SALT cap.
Tag: SALT
Trump Urges House Republicans to Reach Consensus on SALT Deductions
Former President Donald Trump has called on House Republicans to establish a “fair number” regarding the state and local tax (SALT) deductions, a contentious issue that has significant implications for taxpayers in high-tax states. This request comes as lawmakers consider potential reforms to the tax code, with Trump emphasizing the need for a balanced approach that addresses the concerns of constituents affected by the current limitations on SALT deductions.