The expansion of the discount of salt is expected to benefit from those with high American income

One of the most emerging thorn points in the president Donald Trump The draft tax and huge spending law is the local and local tax deduction, also known as salt.

In the “Big Witness”, there is a ruling that temporarily raises the salt discount from $ 10,000 to $ 40,000 for income families $ 500,000 a year.

The salt deduction had reached $ 10,000 during the first period of Trump, according to the 2017 tax discounts and jobs law. The new draft law allows people to deduct up to 40,000 dollars annually from their federal taxes. However, the bill will return to the maximum value of $ 10,000 after five years.

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Adam Michel, director of tax policy studies at the Kato Institute, told Fox Business: “For most Americans, especially those who wear brackets with low and medium income or in low -tax countries, it does not do very little, or nothing.”

“He will not do anything for 90 % of American taxpayers,” Breston Bruce, a Foc Business Cap, told the highest salt.

The tourists explained that the salt deduction is a claim that the Americans of the middle class are usually not progressing Federal taxes.

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He added that this ruling, which is praised by legislators from high -tax blue states, is scheduled to benefit greatly from high -income families.

“It will remain a $ 40,000 salt ceiling that allows blue cities and states on the coast to remove part of their high taxes on our rest,” Brashers told Fox Business.

“Like dividing the restaurant tab with the rest of the party after you requested Mignon, supporting the high salt will force the taxpayer in the rest of the country to capture more federal tab whenever places like California or New York City Raise their taxes. “

“Countries and high -tax countries will have a larger space to raise taxes because part of the cost will be transferred to the federal government,” David Diche, Supreme Financial Policy Analyst at the Innovation Center for Economic Policy, told Fox Business.

Dicch said that the states like New York, New Jersey and California are the best in a position to take advantage of the increases to the roof of salt discount.

He said: “At a time characterized by high debts and unimportant deficit, Congress will use rare resources to reward some high -tax areas at the expense of everyone.”

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The CRFB Federal Budget Committee (CRFB) says that the increase in salt swimming reduces revenues and is not impartially proportional in the high -tax states.

CRFB says that by eliminating salt discount for individuals and companies, Congress can find more than $ 1 trillion of savings.

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“This is incredibly ineffective discount on our economy within the tax law,” said EJ Antoni, the chief economist at the Conservative Heritage Foundation, for Fox Business. Stewart Verney.

“By eliminating this maximum again, what you will do is to return to a position in which the rest of the country helps to pay the bill of these people with high in very few locations.”