{"id":14763,"date":"2024-09-18T18:30:07","date_gmt":"2024-09-18T18:30:07","guid":{"rendered":"https:\/\/lonecandle.com\/?p=14763"},"modified":"2024-09-18T18:30:07","modified_gmt":"2024-09-18T18:30:07","slug":"trump-calls-for-undoing-part-of-his-own-tax-law-vowing-to-get-salt-back","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=14763","title":{"rendered":"Trump calls for undoing part of his own tax law, vowing to ‘get SALT back’"},"content":{"rendered":"\n

“Donald Trump called for rolling back part of his signature tax law Tuesday, suggesting he would seek to reinstate the state and local tax deduction, commonly known as SALT, that he controversially capped<\/a> in the 2017 legislation.<\/p>\n\n\n\n

In a Truth Social post<\/a> ahead of his trip to New York\u2019s Long Island, the former president wrote that he would \u201cget SALT back\u201d and \u201clower your Taxes\u201d if he returns to the White House in January.<\/p>\n\n\n\n

Trump didn\u2019t elaborate or get specific. But the statement appears to be the first time that Trump has called for rolling back a piece of his biggest legislative achievement, a law that he has also called for extending next year when major portions of it are set to expire.<\/p>\n\n\n\n

The 2017 law capped the previously unlimited federal deduction for state and local taxes at $10,000 per filer. The policy hit hardest for Americans in high-tax blue states \u2014 especially New York, New Jersey and California \u2014 who itemize their deductions. Democrats, who represent most of those areas, fiercely objected at the time, accusing the GOP of using tax policy to wage a culture war. Some Republicans in those states also say the $10,000 cap should be lifted.<\/p>\n\n\n\n

Trump\u2019s comment marked the latest in a series of seemingly impulsive<\/a> policy comments that have turned heads<\/a> within his party. Most Republicans oppose an expansion of the \u201cSALT\u201d deduction and have criticized Democrats for pushing to lift<\/a> the $10,000 cap.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“Despite Trump\u2019s comments, it\u2019s far from clear a Republican-led Congress would lift the SALT cap. Earlier this year, a group of House Republicans<\/a> blocked their party from allowing a vote pushed by New York GOP members to expand the SALT deduction.”<\/p>\n\n\n\n

https:\/\/www.yahoo.com\/news\/trump-calls-undoing-part-own-235508256.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“Donald Trump called for rolling back part of his signature tax law Tuesday, suggesting he would seek to reinstate the state and local tax deduction, commonly known as SALT, that he controversially capped in the 2017 legislation.
\nIn a Truth Social post ahead of his trip to New York\u2019s Long Island, the former president wrote that he would \u201cget SALT back\u201d and \u201clower your Taxes\u201d if he returns to the White House in January.<\/p>\n

Trump didn\u2019t elaborate or get specific. But the statement appears to be the first time that Trump has called for rolling back a piece of his biggest legislative achievement, a law that he has also called for extending next year when major portions of it are set to expire.<\/p>\n

The 2017 law capped the previously unlimited federal deduction for state and local taxes at $10,000 per filer. The policy hit hardest for Americans in high-tax blue states \u2014 especially New York, New Jersey and California \u2014 who itemize their deductions. Democrats, who represent most of those areas, fiercely objected at the time, accusing the GOP of using tax policy to wage a culture war. Some Republicans in those states also say the $10,000 cap should be lifted.<\/p>\n

Trump\u2019s comment marked the latest in a series of seemingly impulsive policy comments that have turned heads within his party. Most Republicans oppose an expansion of the \u201cSALT\u201d deduction and have criticized Democrats for pushing to lift the $10,000 cap.”<\/p>\n

…<\/p>\n

“Despite Trump\u2019s comments, it\u2019s far from clear a Republican-led Congress would lift the SALT cap. Earlier this year, a group of House Republicans blocked their party from allowing a vote pushed by New York GOP members to expand the SALT deduction.”<\/p>\n

https:\/\/www.yahoo.com\/news\/trump-calls-undoing-part-own-235508256.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[221,411,141,170],"class_list":["post-14763","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-donald-trump","tag-policy","tag-taxes","tag-trump"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14763"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14763\/revisions"}],"predecessor-version":[{"id":14764,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14763\/revisions\/14764"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}