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PoliticAverse

(26,366 posts)

1. Removing the cap would cost the treasury about $85 billion/year.

Reply to Celerity (Original post)

Fri Oct 29, 2021, 12:09 PM

Oct 2021

If you don't want it to benefit high income earners, cap it by income instead of tax amount.

Not surprised it wasn't in the "framework". You really don't want to announce you are cutting taxes on the rich.

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Highlight:

Democrats Consider Tax Cuts for Many High Earners in New York, New Jersey and California [View all] Celerity Oct 2021 OP

Removing the cap would cost the treasury about $85 billion/year. PoliticAverse Oct 2021 #1

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Oct 2021 #10

IIRC BootinUp Oct 2021 #2

There is no low tax rate JustAnotherGen Oct 2021 #3

I dont understand how you are paying property taxes "twice" MichMan Oct 2021 #4

The SALT deduction primarily benefits the 1%. PoliticAverse Oct 2021 #5

Tell middle class worker in Texas or mo that uponit7771 Oct 2021 #9

Will be a huge benefit to the 1% MichMan Oct 2021 #6

Trickle down works! Kid Berwyn Oct 2021 #7

Bullshit article, Putin's whores SALT cap hurt MANY middle class workers nation wide. It's a Trump . uponit7771 Oct 2021 #8

Removing the cap makes no sense, it would primarily benefit the uber-wealthy. tritsofme Oct 2021 #11