David Frum

@davidfrum ↗

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Last Checked Nov. 27, 2021

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Thu Nov 18 13:25:11 +0000 2021

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David Frum @davidfrum

If you are seriously rich, trading your SALT deduction for other benefits makes sense - especially if you live in a low-tax state like Florida or Texas. But if you were a high-income, low-asset professional in CA, NJ, or NY, the trade-off hurt bad. — PolitiTweet.org

Posted Nov. 18, 2021

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David Frum @davidfrum

You may have forgotten just *why* the GOP targeted SALT deduction in 2017. To pass a tax cut with 50 votes in the Senate, not 60, the cut must purport to be deficit-neutral over 10 years. SALT repeal raised $1.3 trillion to offset super-high-end tax cuts. https://t.co/2zcR7cVEed — PolitiTweet.org

Posted Nov. 18, 2021

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David Frum @davidfrum

In elections of 2018, the GOP lost 7 of their 14 House seats in California, 2 of their 7 in Illinois, 4 of their 5 in New Jersey, 3 of their 9 in New York. SALT not the only reason of course - but not nothing either, and the Ds elected from those states and districts know it. — PolitiTweet.org

Posted Nov. 18, 2021