Repealing Trump's $10,000 SALT limit benefits mostly wealthy whites... (unemployment, Congress, generation)

[InformedConsent]

Here's info from Texas, VA Yankee.

2-year budget: $ $247.2 billion (That's how Texas does it, every two years.)
2-year Fed Gov funding: $ 87 billion, or 35%

FAR less than California's 61%.

https://www.lbb.state.tx.us/Document...ll_Summary.pdf

Report prepared by the Texas Legislative Budget Board Staff.

[LordSquidworth]

Originally Posted by InformedConsent

...and exacerbates racial wealth inequalities.

One of the Democrats key proposed tax reforms, the repeal of Trump's $10,000 SALT tax deduction limit, overwhelmingly benefits wealthy whites and increases racial wealth and income gaps. So, WHY are the Democrats doing it?

Not Worth Its SALT: Tax Cut Proposal Overwhelmingly Benefits Wealthy, White Households - ITEP

Discuss...

No. It doesn't.

It's not hard to hit that $10,000 limit.

[redwood66]

Originally Posted by InformedConsent

...and exacerbates racial wealth inequalities.

One of the Democrats key proposed tax reforms, the repeal of Trump's $10,000 SALT tax deduction limit, overwhelmingly benefits wealthy whites and increases racial wealth and income gaps. So, WHY are the Democrats doing it?

Not Worth Its SALT: Tax Cut Proposal Overwhelmingly Benefits Wealthy, White Households - ITEP

Discuss...

Of course it does.

[InformedConsent]

Originally Posted by LordSquidworth

No. It doesn't.

It's not hard to hit that $10,000 limit.

Argue with left-wing think tank ITEP. They have the demographic and statistical data to prove it:


Not Worth Its SALT: Tax Cut Proposal Overwhelmingly Benefits Wealthy, White Households - ITEP

[LordSquidworth]

Originally Posted by InformedConsent

Argue with left-wing think tank ITEP. They have the demographic and statistical data to prove it:


Not Worth Its SALT: Tax Cut Proposal Overwhelmingly Benefits Wealthy, White Households - ITEP

Depends on where you're pulling data from.

In the northeast working families easily exceed that limit. And we're predominately white here... not just the whites make more... we're just... mostly... white...

[TXstate0fmind]

Originally Posted by InformedConsent

Here's info from Texas, VA Yankee.

2-year budget: $ $247.2 billion (That's how Texas does it, every two years.)
2-year Fed Gov funding: $ 87 billion, or 35%

FAR less than California's 61%.

https://www.lbb.state.tx.us/Document...ll_Summary.pdf

Report prepared by the Texas Legislative Budget Board Staff.

Not fair confusing the left with facts.

Thank you for taking the time to dig stuff up.

[InformedConsent]

Originally Posted by LordSquidworth

Depends on where you're pulling data from.

ITEP analyzed nationwide data. This massive Dem tax cut primarily benefits wealthy whites and exacerbates our country's racial wealth and income gaps. It's about as white supremacist and white privilege as you can get.

[t. raleigh fingers]

Originally Posted by LordSquidworth

Depends on where you're pulling data from.

In the northeast working families easily exceed that limit. And we're predominately white here... not just the whites make more... we're just... mostly... white...

State voters get what they vote for. Vote in some legislators to reduce state taxes, and it won't be so easy to hit the limit.

Shifting the burden onto taxpayers from other states is not a fair solution. If the NE states have voted for high taxes, don't ask me, here in the NW, to pay them. Either pay the taxes yourselves, or vote to reduce them.

[stone26]

Instead of eliminating the SALT limit, why not just double it? That should please everyone but the rich.

[saltine]

Whats the difference of the color it benefits? Is it the right thing to do? Racist bs