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News in English (USA) / 19.09.2024 / 14:00

Trump's Tax Policy Flip-Flop: A Call to Restore SALT Deductions

In a surprising turn of events, former President Donald Trump has pledged to restore the SALT (State and Local Tax) deductions, which he capped in 2017. This announcement comes as Trump seeks to rally support from voters in New York and other states heavily impacted by the tax cap. While Trump previously championed the law that limited these deductions to $10,000, he is now calling for its repeal, presenting it as a move to benefit taxpayers. Critics warn that his latest tax cut promises could complicate the Republican Party's agenda in Congress. As Trump attempts to reconnect with voters, particularly those in blue states, he is facing scrutiny over his inconsistent stance on this issue, prompting responses from Democratic leaders such as Chuck Schumer. This apparent reversal on the SALT cap is expected to be a key topic in upcoming electoral discussions.