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Trump vows to reverse SALT deduction cap he signed in 2017

Fox Business
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Former President Trump suggested this week that if he returns to the White House he will do away with the $ 10,000 cap on deducting state and local taxes ( SALT ) The cap on the SALT deduction was implemented as part of his signature 2017 tax reforms.

Critics say the cap disproportionately benefits wealthy homeowners in states with high taxes, like New York , California and New Jersey .