19-09-2024 20:45 via foxbusiness.com

Trump vows to reverse SALT deduction cap he signed in 2017

Former President Trump suggested this week that if he returns to the White House he will do away with the $10,000 cap on deducting state and local taxes (SALT), which was implemented as part of his signature 2017 tax reforms.In a pitch to New York voters ahead of his Long Island rally on Wednesday, the Republican nominee wrote on his Truth Social platform that he would turn the state around, vowing to "get SALT back, lower your [t]axes, and so much more."Before Republicans capped the SALT deduct
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