Washington Post: House Narrowly Passes Bill That Would Restore SALT Tax Benefits to Higher-income Americans
media mention“This mostly benefits rich people,” Steve Wamhoff, a tax analyst at the Institute on Taxation and Economic Policy (ITEP), a left-leaning think tank, said of repealing the SALT cap.
“There’s a disconnect here: Many Democrats understand we have to raise more money to make the tax code more progressive,” Wamhoff said. “But this proposal, taken on its own, does not do that. It’s a big problem.”