Washington Times: Treasury Department Warns States over SALT Workarounds
media mentionThe Institute on Taxation and Economic Policy, a left-leaning think tank, issued a new report Wednesday warning the Treasury not to single out the blue states, saying if they’re going to tackle charitable donations they could also target private school voucher programs.
“Long before the tax law passed, some states abused the idea of charitable giving to funnel public money to various activities, such as private K-12 education, by reimbursing up to 100 percent of their taxpayers’ donations with tax credits,” said Carl Davis, the group’s research director. Read more