Trump Tax Cuts BOOSTED Low Tax States | Salt Deductions $10,000 cap | California #Trump
2 years ago
10
Yes, seriously, Trump's Tax cut plan has increased certain taxes. This is due to the cap on salt deductions so Americans in high tax states cannot further decrease their taxes. This disproportionately affects blue states more. What do you think of the tax increases?
Sources:
Forbes article:
https://www.forbes.com/sites/chuckdevore/2019/12/20/trumps-tax-cut-is-two-years-old-and-job-growth-in-low-tax-states-is-soaring/#43d333b54e71
Sacramento Bee article:
https://www.sacbee.com/news/politics-government/capitol-alert/article229585994.html
MarketWatch article:
https://www.marketwatch.com/story/this-is-how-much-american-workers-saved-during-the-first-year-after-trumps-tax-reform-2020-03-03
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