SALT Deduction Cap Proposal Would Be Regressive, CBPP Says

Center on Budget and Policy Priorities

A proposal to repeal the state and local tax deduction cap for two years would primarily benefit high-income taxpayers while being costly, but there are more modest options such as doubling the cap that would cost less while helping more middle-income taxpayers, the Center on Budget and Policy Priorities said in a December 10 report.

<p>A proposal to repeal the state and local tax deduction cap for two years would primarily benefit high-income taxpayers while being costly, but there are more modest options such as doubling the cap that would cost less while helping more middle-income taxpayers, the Center on Budget and Policy Priorities said in a December 10 report.</p>

<p>A <a href="/lr/resolve//2bnwx">proposal</a> to repeal the state and local tax deduction cap for two years would primarily benefit high-income taxpayers while being costly, but there are more modest options such as doubling the cap that would cost less while helping more middle-income taxpayers, the Center on Budget and Policy Priorities said in a December 10 report.</p>

A proposal to repeal the state and local tax deduction cap for two years would primarily benefit high-income taxpayers while being costly, but there are more modest options such as doubling the cap that would cost less while helping more middle-income taxpayers, the Center on Budget and Policy Priorities said in a December 10 report.