Bloomberg: “Newly released Internal Revenue Service data show the politically lopsided impact of the $10,000 cap on deducting state and local taxes, or SALT — and why Democrats from the hardest-hit SALT states may be willing to cost Biden the crucial victory of passing his $2.25 trillion infrastructure and social services plan if he continues to insist on keeping Trump’s cap in place.”
“In some New York congressional districts, the average deduction lost because of the SALT cap can be more than $100,000 a year, according to the IRS data. And of the 40 congressional districts with the largest SALT deductions disallowed under the Trump tax law, 39 are represented by Democrats.”
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