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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBlue states ask Supreme Court to hear challenge to SALT cap
Four Democratic-leaning northeastern states are asking the Supreme Court to hear a case challenging the cap on the state and local tax (SALT) deduction created by Republicans' 2017 tax law.
New York, New Jersey, Connecticut and Maryland filed their petition to the high court after a federal appeals court ruled against them in October.
"I am proud we are taking this issue to the Supreme Court to continue to fight on behalf of New York taxpayers," Gov. Kathy Hochul (D) said in a news release Monday.
Republicans created a $10,000 limit on the SALT deduction as part of their 2017 tax law in order to raise revenue to help offset tax cuts elsewhere in the law. But the cap is unpopular with politicians in high-tax, Democratic-leaning states, who argue that it has led to tax increases for residents and makes it harder for their states' to provide robust public services.
https://www.msn.com/en-us/news/politics/blue-states-ask-supreme-court-to-hear-challenge-to-salt-cap/ar-AASoH4B
cinematicdiversions
(1,969 posts)I mean not our rich.... the other rich people...
Think the Greenwich Hedge Fund managers?
What would Tony Soprano deduct?
These people are barely making it on 400k a year... think of the poor.
VarryOn
(2,343 posts)I'm in a red state and got clipped since it was passed. And I am not rich.
Response to Yo_Mama_Been_Loggin (Original post)
VarryOn This message was self-deleted by its author.
TheFarseer
(9,322 posts)If it is, cant you challenge basically anything you dont like about the tax code? Why not challenge the rates or the limits on childcare deductions? This is crazy to me!
tritsofme
(17,376 posts)So youre not wrong.
FBaggins
(26,731 posts)Yeah
I cant see it either.
But thats the argument