The so-called SALT deduction allows filers to reduce their federal tax burden by the amount they pay in state and local taxes. But many say it benefits only the highest-income earners, which is expensive, costing about $90 billion a year.
In 2017, when a Republican-led Congress capped the State and Local Tax deduction at $10,000, then-governor Andrew Cuomo of New York called it “economic civil war.” The move, part of the Tax Cuts and Jobs Act, was seen as a middle finger to the high-income, high-tax blue states that hadn’t supported President Donald Trump.
“I think they’ve raised the bar for cynical budget gimmicks,” said Len Burman, a fellow at the Urban Institute and co-founder of the Urban-Brookings Tax Policy Center. “In many ways it’s the worst of all worlds,” Walczak said in an interview. “It takes away revenues that could be going to programs that Democrats want. It makes the tax code more regressive, and it doesn’t yield significant growth.”’
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