Trump to Reinstate SALT Deduction

[Klaus 7196]

Who doesn't love a cheesy campaign gimmick? Trump says he will reverse his decision to allow people to deduct state and local taxes on their federal income taxes. He had ended this deduction in 2017 to stop red state taxpayers from effectively subsidizing the taxpayers of blue states.
This will add $1.2 TRILLION to the debt over ten years.

https://www.cnn.com/2024/09/17/politics/donald-trump-salt-tax/index.html

 

[UncleMark]

Who doesn't love a cheesy campaign gimmick? Trump says he will reverse his decision to allow people to deduct state and local taxes on their federal income taxes. He had ended this deduction in 2017 to stop red state taxpayers from effectively subsidizing the taxpayers of blue states.
This will add $1.2 TRILLION to the debt over ten years.

https://www.cnn.com/2024/09/17/politics/donald-trump-salt-tax/index.html

He's going after votes in New York. He won't win, but it could help in some House races.

 

[Aloha Hoosier]

Who doesn't love a cheesy campaign gimmick? Trump says he will reverse his decision to allow people to deduct state and local taxes on their federal income taxes. He had ended this deduction in 2017 to stop red state taxpayers from effectively subsidizing the taxpayers of blue states.
This will add $1.2 TRILLION to the debt over ten years.

https://www.cnn.com/2024/09/17/politics/donald-trump-salt-tax/index.html

That and the corporate tax cuts were the best parts of his tax cut bill.

 

[dbmhoosier]

He's going after votes in New York. He won't win, but it could help in some House races.

Bingo.

 

[Marvin the Martian]

Bingo.

Hmm, is this called buying votes?

All these ideas, elimination of tips, overtime, etc, are budget busters. Someone is going to have to pay. Debt service is one of our largest expenses. So we start with cuts can only do so much when we can't cut that

 

[outside shooter]

I hate huge additions to the national debt without good reasons, such as for fixing bridges and roads. I don't see good reasons here.

Aren't Republicans concerned about the debt? This Independant is.

 

[UncleMark]

All these ideas, elimination of tips, overtime, etc, are budget busters. Someone is going to have to pay. Debt service is one of our largest expenses. So we start with cuts can only do so much when we can't cut that

Everything is going to be covered by all the money that China will pay us in tariffs.

 

[mcmurtry66]

I hate huge additions to the national debt without good reasons, such as for fixing bridges and roads. I don't see good reasons here.

Aren't Republicans concerned about the debt? This Independant is.

Yes like expanding the social safety net, freebies to create equity of outcomes, and cradle to grave benefits. Aren’t independents concerned about that? I’m a progressive so I like those things but an independent like yourself should be concerned

 

[dbmhoosier]

Hmm, is this called buying votes?

All these ideas, elimination of tips, overtime, etc, are budget busters. Someone is going to have to pay. Debt service is one of our largest expenses. So we start with cuts can only do so much when we can't cut that

By all accounts he honestly believes he can win NY. Now I don't buy that for a damned second. But he was essentially the king of NYC for decades so try to think like Trump. He desperately wants that cherry on top. They know they have the election. So why not go for it?




And the Teamsters non endorsement of Harris was massive. Siena had him winning NY Jews due to the Hamas wing of the Dem party. Tied with Hispanics in many polls. Doing much better with blacks. He will romp upstate. Still Harris wins NY.

 

[Aloha Hoosier]

By all accounts he honestly believes he can win NY. Now I don't buy that for a damned second. But he was essentially the king of NYC for decades so try to think like Trump. He desperately wants that cherry on top. They know they have the election. So why not go for it?

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You really aren't smart. How old were you when you finally graduated from grade school? 15 or 16?

 

[dbmhoosier]

You really aren't smart. How old were you when you finally graduated from grade school? 15 or 16?

If I bought you a ticket would you attend?

 

[Aloha Hoosier]

If I bought you a ticket would you attend?

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I don't go to circuses to see clowns, why would I go to that?

 

[snarlcakes]

Yes like expanding the social safety net, freebies to create equity of outcomes, and cradle to grave benefits. Aren’t independents concerned about that? I’m a progressive so I like those things but an independent like yourself should be concerned

I love taxes cuts. I’d much rather blow out the deficits with tax cuts than all the shit you listed. It’s funny how Democrats and RINOs are ok with running up huge deficits for their own government pet projects, but find their fiscal fortitude when you mention returning money to people who create the wealth.

 

[snarlcakes]

Hmm, is this called buying votes?

All these ideas, elimination of tips, overtime, etc, are budget busters. Someone is going to have to pay. Debt service is one of our largest expenses. So we start with cuts can only do so much when we can't cut that

The budget is already busted and nobody cares.

 

[crazed_hoosier2]

The SALT deduction cap was one of the better aspects of the TCJA, IMO. And I was impacted by it.

So it makes perfect sense that Donald Trump would disown it.

 

[Aloha Hoosier]

The SALT deduction cap was one of the better aspects of the TCJA, IMO. And I was impacted by it.

So it makes perfect sense that Donald Trump would disown it.

It certainly was. I enjoyed Democrats berating it when it's exactly what they claim they want - the rich to pay more in taxes.

 

[crazed_hoosier2]

And the Teamsters non endorsement of Harris was massive.

Nah. It makes for a headline on a single news cycle and that’s about it. But it won’t move any needles so far as the race itself.

I do find it interesting that the IBT found it important to release those poll results along with their decision.

 

[cosmickid]

If I bought you a ticket would you attend?

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The irony of TP USA telling anyone else that they're "being brainwashed"... You'e killin me, Smalls...

 

[cosmickid]

He's going after votes in New York. He won't win, but it could help in some House races.

Maybe he ought to be heading to Iowa and FL? Two of three FL polls in Sept have the race from 2-4 points,and even the GOP outlier has the race at only 6. And in the only Iowa poll since Biden dropped out the DesMoines Register went from Trump +18 in June to Trump +4 this week...

New Iowa Poll Shows Trump Campaign Losing Lead Dramatically

When Joe Biden was the Democratic candidate, it seemed like a second Trump term in the White House was inevitable. However, since Harris has taken over and been joined by

wcfcourier.com

 

[Stuffshot]

It certainly was. I enjoyed Democrats berating it when it's exactly what they claim they want - the rich to pay more in taxes.

Don't worry. Trump has no authority to enact it on his own (except in his own mind).

 

[snarlcakes]

Don't worry. Trump has no authority to enact it on his own (except in his own mind).

If Trump is for it, it should pass. Most Democrats are for passing it.

 

[Klaus 7196]

If Trump is for it, it should pass. Most Democrats are for passing

Democrats will absolutely support this. Bernie Sanders (I) is probably ecstatic. This will also give states some rationale to raise their taxes, since they are deductible from federal taxes.

 

[dbmhoosier]

Nah. It makes for a headline on a single news cycle and that’s about it. But it won’t move any needles so far as the race itself.

I do find it interesting that the IBT found it important to release those poll results along with their decision.

What it means is that Trump is absolutely destroying Harris among their union members as their own polling shows. This is a big change from 2020. The Dems know.

 

[outside shooter]

Dbm's "evidence" always seems to come up a little short

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[DANC]

Hmm, is this called buying votes?

All these ideas, elimination of tips, overtime, etc, are budget busters. Someone is going to have to pay. Debt service is one of our largest expenses. So we start with cuts can only do so much when we can't cut that

Absolutely. He's learned the Democrat strategy and is copying it beautifully: pander and say anything to win

 

[DANC]

He's going after votes in New York. He won't win, but it could help in some House races.

I thought Trump only cares about himself? You mean he helps the rest of the Party?

 

[Joe_Hoopsier]

Is there any other person on this planet, that can piss off dems when the SALT deduction was removed, and then piss them off again when they are reinstated?