Chuckles must be getting phone calls...
Ping!
Hot d@mn...now just repeal the William “Bedsheets” Byrd “Revenue Neutrality” amendment which gave us this zhit in the firstplace.
Screw Schumer and the Blue Slip carpet he flew in on. Hell, why have only a cap on SALT deductions, let’s eliminate SALT deductions ENTIRELY.
And I say that as a resident of Maryland.
But don’t they want the rich to pay their fair share?
Shouldn’t Chuck & Co. be cheering SALT as a way to get more revenue into Federal coffers?
Or is AFSCME cutting back on its donations to the dems?
The ruling is that the contribution deduction is decreased by the amount of benefit received. This has been the case since the beginning and not a new rule. It is why buying girl scout cookies is not deductible.
Big city liberals can sit and spin on their high property taxes!
“controversial”
Biased reporting 101
How about we just repeal the 16th Amendment? Other than the 1001 good reasons to repeal it, what’s the point for all of us to file and paying taxes if they are just going to spend indiscriminately anyway? As I recall they instituted the SALT cap in part because they wanted a ‘neutral’ change to the tax code. But they are basically just printing the money anyway. I know, they are creating debt for future taxpayers but that’s a debt that will never be paid. 25%+ of the budget is paid by debt, and only 25% or so of the budget is paid by wage taxes. So it’s become such a small piece what’s the point in continuing it? Other than as an exercise in power, or a pretense at responsible governance?
While we’re at it, let’s repeal the 17th Amendment so we can finally be rid of these fools in the Senate.
Why would they want to repeal it? SALT is just a trick to keep the wealthy from paying their fair share.
I’m for that. The SALT changes raised federal taxes on middle class Republicans who happen to be stuck in Calif and other Blue states. All because the GOP would cut spending to pay for lower corporate tax rates.
If Schumer wants to cut my taxes - or rather, end the tax increase that Paul Ryan and Mitch McConnell foisted on me and other upper middle class Republicans in cal, ny, and Illinois - more power to him
Why should they repeal the IRS rules? They have to power to repeal the cap itself, if they wish to do so.
The third rule of taxes is, “The only fair tax is the tax that taxes you and not me.” It’s why elections are so important, to charge the other guy what you think is his fair share.
soooo confused...
I thought liberals WANTED to pay more in taxes?
Good or bad the SALT caps were necessary to bring us the terrific economy that DJT has wrought. Only by giving a corporations a big tax cut and his constant hammering on the Fed are we seeing these great increases in income for everyone, especially in red states.
If you are a conservative living in a blue state with high taxes you should just pull up those bootstraps and move to a low tax jurisdiction where entrepreneurship is rewarded. you Staying in a blue state and continuing to fund blue state liberal manias is tantamount to treason against this great republic.
Just change it to 1/2 (income + property + sales) and be done with it. It’s a much softer cap. Even New Yawkers and Murlanders deserve a break.
(There was already a cap of sorts on SALT before 2018: you could either deduct your income tax or your total sales tax paid, but not both.)
Congress with no public discussion or input also deleted all employee business expenses. Without any cause. This hurts a good number of people in all states not just the four under discussion.
Last year I got whacked by that tax! I had some good increases in income & bought TWO cars with 8% sales tax that all together far exceeded the cap & NOW they want to repeal the F@CKING thing!
Why is it that when the democrats are the minority, they get to force issues, but minority republicans cannot?
So, after cussing Trump for cutting taxes and lying that all his cuts went to the rich”, they want to cut rich people’s taxes more.
This is too funny if you think about it.
there are just 5-7 major metropolitan regions in the USA accounting for the bulk of the Federal deficit. Literally. They have perfected the art of regional extortion of Fed.gov through their local political, legislative and judicial criminality.
SALT removes one form of Federal subsidy of a process profoundly destructive of the Republic.
naturally a chunk of Congress, DC and local states are all incensed at the “interference in their business model”.