Fully restoring state and local tax (SALT) deductions would save the rich billions of dollars on their federal income tax bills, and, surprisingly, a number of Democrats are advocating for that. Will Democrats cut taxes for the rich? Steve Forbes on the possibility of the SALT deductions being fully restored, whom that would benefit and the impact that could have on Biden’s tax plan.
What’s Ahead featuring Steve Forbes provides his insights and perspective, to stay on top of what’s happening in this ever-turbulent world with glimpses into the future. What’s Ahead airs Tuesdays, Thursdays and Fridays.
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