The magic of SALT could make Trump's agenda cook

[Michie]

The years-long effort to restore the beloved SALT tax deduction is gaining traction, as Republicans push to get "one big beautiful" tax bill passed.

Why it matters: This would be an expensive deficit-expanding tax cut for folks in blue states that are relatively well-to-do.

• Giving them a break while cutting benefits to lower-income Americans, also under discussion, could be politically difficult to explain.

By the numbers: Only about 4 million people would take advantage of the state and local tax deduction, or SALT, if it were doubled for married couples as is under consideration, per an analysis from the Tax Policy Center.

Continued below.

https://www.axios.com/2025/01/13/trump-salt-tax-deduction