The Daily Beast

Bernie Sanders Is Right: Biden’s Big Build Back Better Bill Is a Huge Gift to the Rich

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I’m with Bernie—the SALT cap is way too high.

A little history is in order here to understand why some Democrats in high-tax states like New Jersey and New York are so intent on restoring SALT. Before President Trump took a wrecking ball to SALT, there was no ceiling on how much you could deduct in state and local taxes on your federal income tax return. Limiting the deduction to $10,000 “will kill New York,” then Governor Andrew Cuomo said in 2017.

That was the point, it turned out. Trump wanted to punish the blue states that didn’t vote for him by constraining those governors from raising taxes if their constituents weren’t able to write off those taxes.

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