Politico Morning Tax: They’re back, but stalemate continues

Carl Davis of the progressive Institute on Taxation and Economic Policy wrote a piece last week using new IRS data that specifically focused on the $10,000 cap on state and local deductions put into place by the 2017 tax law and whether it caused a migration away from high-tax blue states. The short answer, according to Davis, is no.

Davis added in an email to Morning Tax that the SALT findings merely reinforced his broader stance: There’s no major outflow of people to lower-tax red states from higher-tax blue states. Read more