Center on Budget and Policy Priorities: High-Income People Who Received Large Net Tax Cuts in 2017 Law Don’t Need a New SALT Tax Cut

The House is poised to consider a new tax bill that would raise the cap on deductions for state and local taxes (SALT), giving another large tax cut to the same group of rich people who benefitted the most as a share of their incomes from the 2017 tax law. Over half of the benefits would go to those in the 95^th to 99^th percentiles for income — the biggest winners of the 2017 tax law — according to the Institute on Taxation and Economic Policy (ITEP). This group doesn’t need another tax cut, and policymakers should reject the bill.

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