SALT Analysis Finds Little Middle-Class Help in Congress’s Plans
- People making $175,000 and up would get majority of benefits
- Middle-earners would get a $20 tax cut under both plans
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The House and Senate’s dueling proposals to expand the state and local tax deduction would both deliver large tax cuts to the wealthy, while failing to do much for middle-income households, according to new analysis from the Urban-Brooking Tax Policy Center.
The left-leaning think tank compared the two plans to expand the politically important, but controversial, tax break aimed at helping people in high-tax states like New York, New Jersey and California.