Forbes: Repealing The Cap On State And Local Tax Deductions Would Widen The Racial Wealth Gap, New Study Shows

As some lawmakers from high-tax Blue states push for the elimination of the Trump-era $10,000 cap on state and local tax (SALT) deductions, a new study from the left-leaning Institute on Taxation and Economic Policy shows that repealing the deduction would not only disproportionately benefit the wealthy, but also white taxpayers, widening the already yawning racial wealth gap.

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