SALT
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wrote on 19 Nov 2021, 13:18 last edited by
Was the SALT part of the infrastructure package? Or is it part of the 1.75 Trillion Dollar Sweepstakes?
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wrote on 19 Nov 2021, 14:18 last edited by
The latter.
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wrote on 19 Nov 2021, 14:21 last edited by
So it still has to get past the Senate.
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wrote on 19 Nov 2021, 15:22 last edited by
Yeah but they've been working on Manchin and Sinema through the process so I think the understanding is it'll get through.
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My property taxes are creeping up to 40k, only 10k is deductible. If they let me deduct it all that’s a nice 10k boost on the margin.
wrote on 19 Nov 2021, 15:35 last edited byMy property taxes are creeping up to 40k
I wouldn't be surprised if there are people in your area who live in a trailer park but drive a Porsche. I wonder what kinds of incentives are caused by such massive property taxes, as opposed to collecting the same money via income tax or VAT.
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wrote on 19 Nov 2021, 16:05 last edited by
I do not believe you will find any trailer parks in Jon's neighborhood. Nor in the surrounding area.
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wrote on 19 Nov 2021, 18:49 last edited by
For miles.
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wrote on 19 Nov 2021, 20:30 last edited by
But I do believe the GOP will be campaigning all over this one.
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But I do believe the GOP will be campaigning all over this one.
wrote on 19 Nov 2021, 22:47 last edited byBut I do believe the GOP will be campaigning all over this one.
Congratulations indeed!!!!
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wrote on 20 Nov 2021, 19:11 last edited by
No surprise it passed the House.
The Senate may be a different story.
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wrote on 18 Sept 2024, 02:13 last edited by
https://www.axios.com/2024/09/18/trump-salt-tax-cuts-senate
Trump's surprise post on SALT deductions Tuesday has forced Senate Republicans into a pickle: contradict their party's leader or their old positions.
Why it matters: For Republican leaders, it's a taste of what's to come if Trump wins back the White House.
They'll have to harmonize their own positions — in real time — with a president who is constantly changing his.
Trump posted he would "get SALT back."That's a strong indication he wants to let those in high-tax states deduct more than $10,000 from their federal taxes — a limit he championed in his 2017 Tax Cuts and Jobs Act
and
The bottom line: Removing the $10,000 SALT cap would cost an estimated $1.2 trillion over a decade, according to the Committee for a Responsible Federal Government.
An estimated 92% of the benefit would go to the top 10% of earners, according to CRFB. -
wrote on 18 Sept 2024, 08:50 last edited by
Just to show you how old I am, I thought this was about the nuclear arms race. (If you have to look that up, you are too young)
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wrote on 18 Sept 2024, 11:03 last edited by
+1
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wrote on 18 Sept 2024, 11:25 last edited by
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wrote on 18 Sept 2024, 11:51 last edited by
"Trump takes SALT away so he can promise to give it back later and the cult I mean crowd goes wild."
Sorta like a anti-IRS.
Meet the Press (in the 1980s): "So the IRS is going to lower the rates, but also eliminate a lot of deductions. What's to keep the IRS from raising the rates again?"
George Will: "Absolutely nothing."
If I had to guess, it was not The GOP's or Trump's idea to limit the SALT deduction. Probably part of a compromise.
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wrote on 18 Sept 2024, 14:48 last edited by
Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!
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wrote on 18 Sept 2024, 15:44 last edited by xenon
It's so weird that this doesn't matter at all. No other politician but Trump can pull shit like this off... but it really doesn't make a diff.
This and him clearly being bought off on Tik Tok.... doesn't matter.
Politics has gone overtly into being about the "vibes".... I think it'll drive disengagement. I don't care much what happens in November this year.
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Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!
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wrote on 18 Sept 2024, 16:02 last edited by
The ironic part is hyper-partisanship means President are mostly legislatively neutered. So all this is hot air anyways.
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wrote on 18 Sept 2024, 16:04 last edited by
You can call a draw on all policy and still recognize a difference in stuff that is unequivocally under a president's control, such as appointments and messaging. In fact, if legislative policy is a draw, it makes it easier to come to a preference between the two candidates.
