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Mike Lawler, RN.Y., President Donald Trump’un ‘Varney & Co.’ discusses the Republican opposition on the topic
One of the points in the president Donald Trumps The mass tax and spending bill is a state and local tax discount known as salt.
The Great Beautiful Bill has a provision that will lift the salt discount for $ 5,000 to $ 40,000 for households, which is $ 500,000 in $ 500,000.
The salt discount was transferred to $ 10,000 during the first term of 2017 tax discounts and work acts during the first term of Trump. The new law allows people to land for $ 40,000 per year. However, the bill will return to $ 10,000 in five years.
Goldman Sachs: Malicious Americans, to continue even high taxes from high tax states
In Washington, DC, February 2, 2024 internal income service building. (Via Brendan Smialowski / AFP Getty Images / Getty Images)
“In any state, the 40,000-dollar major Americans for medium-lucrative or medium Americans,” Director of tax policeals in the Cato Institute Adam Michel, told the Fox business. “Most Americans are very little or nothing in the states, especially in low and middle-income brackets or less taxes.”
Preston Brashers, a researcher of tax policy in the heritage fund, will not do anything for 90% of US taxpayers, “FOC work.”
Brashers explained that the medium-level American Americans usually do not file on them Federal taxes.
He added that the provision, praised by the MPs from the blue states, leads to extreme benefits of high-income households.
“The $ 40,000 salt cover would allow the blue cities and provinces to connect a portion of high taxes to the next.
“After ordering the Pillet Mignon, the restaurant tab with the rest of the restaurant, the higher salt subsidy will force taxpayers in the rest of the country to get more federal tabs as they are in California New York City lift their taxes. “
New York Skyline and the Empire State Building from Weehawken, New Jersey. (Viewpress via Eduardo Munozalvarvarez / Getty Images)
“The cost of high tax states and cities will take place to increase taxes, because the cost of the Federal Policy Analyst of the David Trench Economic Policy David Trench, told Fox.
States such as the ditch, New York, New Jersey and California are the best position to take advantage of the salt discount cap.
“In a high debt and unstable tyrant, Congress will use scarce sources to reward several high taxes throughout everyone.”
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The Involuntary Federal Budget (CRFB) Committee (CRFB) reduces income and reduces the benefits of taxpayers in high taxpayers and high-income countries.
CRFB says Congress can save more than $ 1 trillion by eliminating the salt discount for individuals and businesses.
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“This is an incredibly economical protrusion in the tax code”, “EJ Antoni, Conservative Lean Irish Foundation, Chief Economist, Fox” Stuart Varney.
“Re-eliminates this cover, the rest of the country helps to help the bill for these high-income winners in very few places.”
