[goldstategop]

So Tom Steyer will actually pay his fair share in taxes? Cry me a river.

The end of the SALT deduction affects rich liberals, who vote Democrat anyway.

Besides, they want to pay more in taxes. We are granting them their wish. What’s the problem?

[socialism_stinX]

The super high-income people like Steyer in states like CA and NY actually lost about 80% of their SALT deductions way back in 2013. The Tax Act of 2012 included language that starts to limit the SALT deduction beginning at $300K of income for married taxpayers. So the Silicon Valley billionaires really got nailed by the tax bill passed at the end of 2012, but because democrats voted for that bill and Obama signed it, we didn’t hear all the bitching and moaning about lost SALT deductions. Also, that bill didn’t affect people with incomes below $250K. But it’s very telling how the news media has basically ignored the truth that many democrats voted for a big cut in SALT deductions way back in 2012 and yet they now say they’ve always opposed cutting the SALT deduction. Another bunch of BS from democrat politicians.

https://www.bakerdonelson.com/The-American-Taxpayer-Relief-Act-of-2012-Some-Tax-Certainty-in-an-Uncertain-World-01-08-2013