CNBC: Black, Hispanic Families Would Benefit Less from a SALT Cap Repeal than Whites

Repealing the $10,000 state and local tax deduction cap is likely to have uneven results for Americans.

In fact, Black families are 42% less likely and Hispanic families are 33% less likely than white ones to see a tax break from a SALT cap repeal, according to a recent analysis from the left-leaning Institute on Taxation and Economic Policy.

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“There’s a long history in tax policy analysis of not paying enough attention to disparate impacts across race and ethnicity,” said Carl Davis, research director of ITEP who co-authored the study.

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