SALT

[Improviso]

No surprise it passed the House.

The Senate may be a different story.

[taiwan_girl]

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.

[bachophile]

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)

[Wim]

+1

[Axtremus]

[George K]

"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.

[jon-nyc]

Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!

[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.

[Jolly]

@jon-nyc said in SALT:

Trump campaign strategy: YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!! And YOU get a car!!!!

Yeah, but Harris is giving away houses....

[xenon]

The ironic part is hyper-partisanship means President are mostly legislatively neutered. So all this is hot air anyways.

[Horace]

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.

[Mik]

Very true.

[jon-nyc]

Except the shitty parts of Trump policy (capitulation to Russia, tariffs) he can do on his own and the shitty parts of her policies (taxes, price controls) she can’t.

[jon-nyc]

@Horace said in SALT:

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 ….

“Trump’s economics suck and all, but at least we’ll get RFK Jr setting health policy”.

[Horace]

@jon-nyc said in SALT:

@Horace said in SALT:

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 ….

“Trump’s economics suck and all, but at least we’ll get RFK Jr setting health policy”.

For a person so adamant that people not put words in his mouth, you sure do play fast and loose with this sort of stuff. But sure, let the public decide a preference between Fauci and RFK Jr. I don't think that preference is nearly as obviously a litmus test for crazy vs smart as your twitter feed would indicate.