May 3, 2021

MarketWatch: The fight over SALT is heating up. What’s next?

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“I’m surprised that it just continues to come up,” said Tracy Gordon, acting director of the Urban-Brookings Tax Policy Center. “In Washington there seems to be this broad consensus that repealing it would be a bad idea and yet people in affected areas feel it in a visceral way.”

A “bad idea,” analysts say, not only because it would result in a loss of revenue, of about $100 billion this year, according to the Institute on Taxation and Economic Policy, but because of the optics of the situation. Read more