‘SALT’ deduction in limbo as Senate Republicans unveil tax plan for Trump’s spending package
With the release of Republicans in the Senate Main details From the president Donald TrumpPackage of spending, some provisions, including the federal opponent of Government and local taxesIt is known as salt, remains obligatory.
Cent Tax discounts and jobs lawOr TCJA, for the year 2017, is currently found 10,000 dollars In the discount of salt until 2025. Before 2018, the tax collapse – including income and local property taxes – was unlimited for employees who classified discounts. But the so -called Minimum tax alternative Reduce the benefit to some of the upper owners.
Senate Finance Committee The proposed text It was released on Monday includes a $ 10,000 salt discount roof, which is expected to change during the Senate negotiations on the spending package. This limit has decreased from The maximum $ 40,000 Republicans in the House of Representatives approved it in May.
The salt discount was “controversial”
“Seoul was controversial for eight years,” said Andrew Lotz, Assistant Director of the Economic Policy Program of the Policy Center at the Party Policy Center.
Since 2017, the roof of the salt discount has been a major issue for some legislators in high -tax states such as New York, New Jersey and California. These members of the House of Representatives have influence during negotiations among the majority of a high republic in the House of Representatives.
Under the current law, employees who detail the tax exemptions cannot demand more than $ 10,000 to deduct salt, including Married couples are progressingWhich is considered “the punishment for marriage”.
However, raising the roof of the salt discount was controversial. If a year, the benefits will be in the first place Flow to families with high incomeAccording to the Mayo analysis of the committee on the responsible federal budget.
Currently, the vast majority of bankrupts – About 90 %According to the latest Tax Authority data – use the standard deduction and does not benefit from detailed tax exemptions.
In addition, the 2017 SALT cover was enacted to help pay for other TCJA tax exemptions, and some legislators support the minimum financing purposes.
In the Senate, “There is no high level of attention to doing anything on salt,” said the majority of the Senate John Thun on June 15 “on”Fox News Sunday“
He said: “I think at the end of the day, we will find a place to drop, and we hope that it will get the voices we need in the House of Representatives, which is a compromise position in the salt issue.”
But some Republicans in the House of Representatives have actually I pushed back On the roof of the proposed salt discount of $ 10,000 in the Senate draft.
Representative Mike Loler described, RN.Y. On Monday that the Senate proposed 10,000 dollars to discount salt as “dead upon arrival” X post.
Meanwhile, Representative Nicole Malekayakis, RN.Y, also published on Monday about 10,000 dollar cover on X. She said that the minimum was not only insulting, but a slap in the face of the republican areas that delivered our majority and Trifta. “
