zantax
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Psst, Republicans offered to make the personal tax cuts permanent, even put forth a bill to do so. Guess who opposed it and didn’t vote for it? Oh and SALT middle class? Too funny it helps like over 90% rich people.
from The SALT tax deduction is a handout to the rich. It should be eliminated not expanded | Brookings
Lifting the cap on the SALT deduction would massively favor the rich, with most of the benefit going to the top one percent
Lifting the cap would in fact give almost three times as much, as a share of the cut, to the top one percent as the TCJA cuts did as a whole (of course the absolute amount is very much less)
Even with the cap, the SALT deduction remains pro-rich, with around three-quarters of the benefit going to families in the top fifth of the income distribution
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