The SALT Deduction Debate

This chapter explores the complexities and impacts of the State and Local Tax (SALT) deduction, focusing on which states benefit the most and the demographics affected by the changes. It examines proposed reforms, their consequences for high-income earners and seniors, and the broader implications for tax equity and government revenue. The discussion highlights the polarized perspectives on the issue, emphasizing the need for bipartisan dialogue amidst ongoing legislative uncertainties.