Republicans Consider Raising SALT Deduction Cap for Control in 2024
Republicans are exploring the possibility of raising the state and local tax (SALT) deduction cap, a move they implemented under former President Trump seven years ago. This shift comes as the GOP sets its sights on securing total control of the government in 2024.
The debate over the SALT deduction cap is particularly consequential in high-tax blue states such as California and New York. These states have been negatively impacted by the cap, leading some Republicans to consider revising it to gain favor with voters in those regions.
The decision to potentially raise the SALT deduction cap reflects a strategic move by Republicans to broaden their appeal and potentially sway key states in the upcoming election. As the party positions itself for the 2024 race, the debate over tax policy is likely to play a significant role in shaping their platform and approach to governance.
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