The Senate Finance Committee won’t be revisiting the #SALT deduction reforms made in the Tax Cuts and Jobs Act under Chairman @ChuckGrassley’s leadership. #TaxReform
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It’s ironic that the same Democrats who criticized the Tax Cuts and Jobs Act for supposedly benefiting only the wealthy are now advocating for a change to the law that would primarily benefit the wealthy.
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The SALT deduction is a federal subsidy for states to raise taxes on their residents without political consequence. The answer to the problem is for states to lower their taxes instead of insisting that taxpayers from lower-tax states subsidize their profligate spending.
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The current Democrats are a failed party. Hopefully, this will be realized before we adopt the swastika as our national symbol!
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