Don’t Believe False Reports That Say Eliminating The SALT Deduction Would Cost The Average Taxpayer Tens Of Thousands Of Dollars
By Rachel Greszler, Research Fellow in the Institute for Economic Freedom at The Heritage Foundation.
Some politicians are determined to retain a special tax deduction that allows state and local governments to levy excessive taxes on their residents by shifting part of the burden to federal taxpayers in other states.
These politicians are claiming that their residents would pay thousands of dollars—even tens of thousands—more in federal taxes if Congress eliminates the state and local tax deduction as part of pro-growth tax reform.
*This piece originally appeared on Insider NJ, to read click here.