Search This Blog

De Omnibus Dubitandum - Lux Veritas

Thursday, April 29, 2021

The SALT Entreaties

AOC, Times Now Support Trump’s Strategy on How To Treat State and Local Taxes

Editorial of  The New York Sun | April 28, 2021

As President Biden readies his speech to Congress this evening outlining his tax hikes, a threat to his plans is emerging among the Democrats. It seems a passel of them is vowing they won’t support any Biden plan unless it restores the full deduction for state and local taxes that was done away with by President Trump’s tax reform in 2017. So closely divided is the House that, CNBC reports, Mr. Biden’s plan could be derailed.

We are enjoying the ironies. Starting with the New York Times, which just reversed its long opposition to ending the SALT deduction. It is now endorsing what amounts to Mr. Trump’s tax reform on SALT, though it has different reasons than Mr. Trump. The 45th president reckoned his reform would put pressure on states to curb their spending. The Times fears that ending the SALT deduction would be a sop to the rich.........To Read More.....

My Take - For those who think the Democrats are not going to start to eat their own, Fuggetaboutit! 

No comments:

Post a Comment