As Republicans work to advance their mega bill, the debate over the $10,000 cap on the federal deduction for state and local taxes (SALT) is again heating up. GOP lawmakers from high-tax blue states, facing pressure from constituents burdened by aggressive state and local tax regimes, have been lobbying President Donald Trump and Republican leadership to repeal the cap or raise it.
Last week, the House passed a bill increasing the cap to $40,000 for individuals earning up to $500,000, gradually decreasing for those with higher incomes. However, conservative critics argue that raising the cap would amount to a federal subsidy for profligate Democratic governance.
Imagine President Donald Trump waking up to the news that California faces a $12 billion deficit, and instead of letting the state reckon with its budget bloat, announcing a plan to make taxpa… Read moreCOUNTERPOINT: States getting salty over SALT
With the fire season upon us again, I'm wondering if we have some kind of citywide alarm system telling us to evacuate if that time comes? We are surrounded by forest and have been lucky so fa… Read moreLetter to the Editor: Idea sounds alarm on wildfires
As we think on Memorial Day, it is sobering to recognize that today’s young people are unlikely to respond as enthusiastically to a call to serve their country as members of the World War II g… Read morePOINT: No, and it’s not the young adultsâ€� fault
