Blue-state Democrats have been fighting since 2017 to repeal a key provision of President Trump’s tax plan that penalized high-cost California filers.
The so-called SALT tax cap imposed a $10,000 limit on IRS deductions for state and local taxes like income and capital gains levies and property taxes.
“All deductions, including the one for state and local taxes, are based on the fact that people should not be taxed on money that they don’t have to spend,” Porter said in a phone interview. The House-passed Build Back Better economic package includes a provision to raise the cap to $80,000 through 2030.
Supporters of the tax cap saw the SALT deductions as a federal subsidy for high-tax states, at the expense of states like Texas and Florida that don’t levy income taxes. A recent Heritage Foundation report argued the deduction is unwarranted because residents benefit from the state and local government services their taxes fund.
The Washington-based Institute on Taxation and Economic Policy recently estimated the SALT cap will cost U.S. taxpayers nearly $101 billion more this year, with $33.5 billion of that coming from California taxpayers.
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