Bullet points of Trump Vows to Reinstate State and Local Tax Deductions: I Will 'Get SALT Back'
Bullet points of Trump Vows to Reinstate State and Local Tax Deductions: I Will 'Get SALT Back'
- President Donald Trump promised to reinstate State and Local Tax (SALT) deductions if reelected.
- He urged New York voters to support him during a Truth Social post.
- SALT deductions, controversial for favoring Democrat-leaning states with higher taxes, faced a $10,000 cap under the Trump Tax Cuts and Jobs Act of 2017.
- Trump expressed confidence in turning New York around.
- He aimed to collaborate with state officials to bring funding back to historical levels.
- The goal was to attract residents back to the state.
- President Donald Trump promised to reinstate State and Local Tax (SALT) deductions if reelected.
- He urged New York voters to support him during a Truth Social post.
- SALT deductions, controversial for favoring Democrat-leaning states with higher taxes, faced a $10,000 cap under the Trump Tax Cuts and Jobs Act of 2017.
- Trump expressed confidence in turning New York around.
- He aimed to collaborate with state officials to bring funding back to historical levels.
- The goal was to attract residents back to the state.