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Summary

Trump's Expensive Tax Promises

This is a New York news story, published by MSN, that relates primarily to SALT news.

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massive tax cuts

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tax cuts
MarketWatch

MarketWatch

•

The SALT income-tax deduction will make a comeback under Trump. But maybe not for the wealthy.

MarketWatch
Summary
Nutrition label

76% Informative

Republicans will have to rely on votes of Republicans from high-tax states like New York and California to pass any new tax legislation.

The cap on the state-and-local-tax deduction has caused consternation among Republicans because limiting the SALT deduction was one the main methods used in 2017 to pay for lower corporate and individual income-tax rates.

VR Score

78

Informative language

77

Neutral language

17

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

13

https://www.marketwatch.com/story/salt-tax-deduction-heres-why-a-red-wave-election-could-threaten-taxpayer-relief-c2178f5a?mod=article_inlinehttps://www.marketwatch.com/story/trump-tax-reform-these-middle-class-households-could-pay-more-0ebaeb34?mod=article_inlinehttps://www.marketwatch.com/story/harris-dem-sweep-could-mean-a-2-2-trillion-tax-hike-for-s-p-500-companies-44a73f38?mod=article_inlinehttps://www.marketwatch.com/story/states-scrambling-to-shield-homeowners-from-spiking-property-tax-bills-044beeca?mod=article_inlinehttps://www.marketwatch.com/story/extending-trumps-tax-cuts-could-stick-these-6-groups-with-a-big-bill-73f05fd6?mod=article_inlinehttps://finance.yahoo.com/news/trump-advisers-consider-raising-salt-171217742.htmlhttps://www.marketwatch.com/story/trump-floats-nixing-the-salt-cap-voters-in-these-6-states-would-benefit-the-most-677cfbe1?mod=search_headline&mod=article_inlinehttps://podcasts.apple.com/us/podcast/bannon-s-war-room/id1485351658?i=1000680047682https://www.marketwatch.com/story/cost-of-trump-tax-cuts-soars-50-amid-abuse-of-business-loopholes-88660df5?mod=article_inlinehttps://www.marketwatch.com/story/as-new-laws-loom-homeowners-rush-to-prepay-property-taxes-2017-12-27?mod=search_headline&mod=article_inlinehttps://www.marketwatch.com/story/blue-state-republicans-embraced-the-2017-tax-cuts-it-may-have-cost-them-2018-11-16?mod=search_headline&mod=article_inlinehttps://www.marketwatch.com/story/americans-will-likely-see-relief-from-salt-tax-restrictions-next-year-e2e73f62?mod=article_inlinehttps://budgetmodel.wharton.upenn.edu/issues/2024/2/8/lifting-the-salt-cap-budget-effect#:~:text=Removing%20the%20SALT%20cap%20marriage,cost%20an%20additional%20%24159%20billion.

Source diversity

4

www.marketwatch.comfinance.yahoo.compodcasts.apple.combudgetmodel.wharton.upenn.edu

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