SALT Tax Deduction: Will Democrats Cut Taxes For The Rich? – Steve Forbes | What’s Ahead | Forbes

Published 2 years ago

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.

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