Democrats Propose SALT Tax Deduction! Are They Cutting Taxes For The Rich?

Forbes' What's Ahead

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Fully restoring state and local tax (SALT) deductions would save the rich billions of dollars on their federal income tax bills, and, surprisingly, and a number of Democrats are advocating for that.

Will Democrats cut taxes for the rich? Usually, Democrats boast that they like to raise taxes on the well-to-do.

Steve Forbes on the possibility of the SALT deductions being fully restored, whom that would benefit and the impact that could have on Biden’s tax plan.

A 3-minute lesson.

Are they cutting taxes for the rich? Who donates to their campaigns?