The SALT deduction is a massive federal tax cut for wealthier Americans that encourages states to keep their own taxes high, and Congress should ignore the background noise and eliminate it.
Taxpayers should ask themselves why the U.S. Conference of Mayors is so determined to protect the SALT deduction. With the SALT deduction in place, state and local governments can levy higher taxes, as policymakers know that the federal government will pick up part of the tab.
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