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Trump Pledges to Restore SALT Write-Off

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“Donald Trump said that he would revive the state and local tax deduction, a popular tax break for New Yorkers that the former president limited during his time in the White House,” Bloomberg reports.

Said Trump: “I will turn it around, get SALT back, lower your Taxes, and so much more.”

“Limiting the SALT deduction had broad support from Republican members of Congress — and not just because it helped offset other provisions to reduce tax rates and increase the standard deduction. Capping the deduction has had a disproportionate impact on jurisdictions that have higher taxes and property values — which tend to be dominated by Democrats.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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