Wealthiest 1% get richer under Dems' reckless tax-and-spend package
Fox News
The truth is Democrats seek to tax everyone, and a large portion of tax relief, if the state and local tax (SALT) cap is repealed, will go to the wealthiest 1%.
Budget gimmickry also tries to obscure the actual tax cut provided to rich taxpayers living in high-tax states. The truth is Democrats seek to tax everyone, and a large portion of tax relief, if the state and local tax (SALT) cap is repealed, will go to the wealthiest 1%.
Before the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, the SALT deduction was one of the biggest itemized deductions available to taxpayers, mainly benefiting wealthy individuals living in high-tax states.
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