Trump Is Angry About a Proposal in His Own Tax Plan, Sources Say
- N.Y.’s King calls proposal to end SALT ‘biggest obstacle’
- Repealing deduction would generate $1.3 trillion for cuts
Trump Prioritizes Preserving Middle Class Tax Break
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Months after the White House proposed ending a tax break for people in high-tax states, President Donald Trump grew angry when he learned that the change would hurt some middle-income taxpayers, according to two people familiar with his thinking.
Trump’s concerns led him to say this week that “we’ll be adjusting” the tax-overhaul framework, the people said -- but it’s not clear how he and congressional leaders would make up for the revenue that would be lost without ballooning the deficit or torpedoing support for the plan. And Trump’s top economic adviser said Thursday morning that the president is not rethinking his position on repealing the state and local tax deduction.