Democrats Get Clout Needed for Risky Bid to End Trump’s SALT Cap
- A popular blue state tax break could be revived under Biden
- Some economists dismiss the idea as a handout to the richest
Donald Trump signs the Tax Reform bill into law at the Oval Office in Dec. 2017.
Photographer: Chip Somodevilla/Getty ImagesThis article is for subscribers only.
Democrats will soon have the balance of power required to repeal President Donald Trump’s limitation on a prized tax deduction, but doing so will likely require a tricky procedural process and a politically fraught vote.
There are few issues that have riled certain segments of the Democratic Party more than Trump’s cap on write-offs of state and local tax, or SALT. Repealing it, however, would require Democrats to vote for something widely seen as a tax cut for the rich at the same time the party is proposing tax increases to make the Internal Revenue Service code more progressive.