Matthew Yglesias

@mattyglesias ↗

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Last Checked Sept. 28, 2022

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Thu Jul 28 19:17:46 +0000 2022

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Matthew Yglesias @mattyglesias

Basically the story with the SALT cap is that Paul Ryan and Dave Camp were right on the merits but sold it their caucus with a grossly exaggerated "own the libs" argument, which has confused a handful of blue state Dems into believing they actually got owned. — PolitiTweet.org

Posted July 28, 2022 Hibernated

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Matthew Yglesias @mattyglesias

In West Virginia, the average taxpayer woud save $0 from raising the SALT cap which is why Manchin opposes it. But if you take a richer state like CA, the average taxpayer saves $0 so things look different. And in a really high tax state like NJ it rises all the way to $0. — PolitiTweet.org

Posted July 28, 2022 Hibernated

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Matthew Yglesias @mattyglesias

Lifting the SALT cap would benefit about 9 percent of households nationally. There is some geographical variation in that, but even in New Jersey we are talking about fewer than a quarter of households. — PolitiTweet.org

Posted July 28, 2022 Hibernated