June 10, 2021

Sacramento Bee: White, Asian families have most to gain if Congress restores tax break Trump capped, report says

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“Outright repeal of the SALT cap without an adequate replacement would exacerbate racial inequities in this country,” said a study from the Institute on Taxation and Economic Policy’s Carl Davis and Jessica Schieder.

The report noted that property taxes tend to be a big component of state and local taxes, which could “disproportionately benefit home-owning taxpayers with homes in whiter neighborhoods.

Read more here: https://www.sacbee.com/news/politics-government/article251974783.html#storylink=cpy


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