Sen. Grassley Torches Pelosi on Potential Repeal of SALT Cap

Townhall.com ^ | March 31, 2020 | Reagan McCarthy

[Kickass Conservative]

The SALT Cap should have been equal to the Standard Deduction, $12,000 for Single Filers and $24,000 for Married Filing Jointly.

We lost Congressional Seats in Blue States in areas considered “conservative” in part due to the $10,000 SALT Deduction Cap.

Where I lived in S. CA, Property Taxes alone equaled or exceeded the $10,000 SALT Cap. Two of my Trump Voting Neighbors were pissed and Voted Democrat in 2018.

When I pointed out that their Income Tax Rates were reduced in the Tax Legislation, they were not convinced.

[itsahoot]

The limit should be raised maybe 10k to 15k.

Actually those states need to lower their taxes because to continue is to transfer wealth from low tax states to high tax states. Socialist wet dream.

[SunkenCiv]

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[Impy]

I think this thing may have cost us votes in exactly the kinds of districts we lost in 2018, NJ was almost a wipeout.

Rather amusing to see a rat want to cut taxes on the “rich” though.