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Jeffries bashes Trump, GOP on SALT

4 0
25.09.2024

House Minority Leader Hakeem Jeffries (D-N.Y.) on Wednesday went after former President Trump for reversing course on a popular tax break, noting that Republicans had imposed the same cap on state and local tax deductions that Trump now says he wants to abolish.

“It's interesting to me that Donald Trump and extreme MAGA Republicans in the House and the Senate imposed a draconian cap on the state and local tax deduction that has cost middle class Americans thousands of dollars in increased taxes, and then want to turn around and want to pretend that – after being the arsonists who burned down the state and local tax deduction – they're the firefighters to rescue it,” Jeffries said during a press briefing in the Capitol.

“No one is buying it.”

Prior to 2017, taxpayers could deduct the entirety of their state and local tax bill as a way to reduce their federal tax liability. Behind Trump, Republicans had installed a new $10,000 cap on that federal deduction, known as SALT, as part of their 2017 tax........

© The Hill


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