Pete Buttigieg wants to scrap state and local tax deduction cap that hits Californians hard
, which disproportionately affects residents of high-tax states such as California.
Buttigieg, the former mayor of South Bend, Ind., also calls for expanding the child tax credit and the earned income tax credit. “As president, I will rebalance our economy so it works for all Americans, hold Wall Street and corporations accountable and bring fairness to our tax system so we can lift millions out of poverty and into greater opportunity,” Buttigieg said.
Buttigieg announced his tax proposals as the presidential campaign turns toward Super Tuesday, when California and 13 other states will vote.The tax proposal appears designed to appeal to voters here because of the impact the cap on state and local tax deductions — part of President Trump’s 2017 tax reform — had on Californians as well as residents of other costly states such as New Jersey and New York.
The state’s Franchise Tax Board reported that roughly 1 million Californians paid more in federal taxes because of this cap.The state and local tax deduction cap has not been a subject of discussion during the 2020 presidential campaign, and it is a tricky subject for Democrats who are focused on increasing taxes on the wealthy and reducing the tax burden of the poor. The cap most greatly affects high-income households.Former Vice President Joe Biden has also proposed eliminating the cap.
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