Sahil Kapur

@sahilkapur ↗

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Last Checked July 17, 2022

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Thu Jun 24 13:31:48 +0000 2021

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Sahil Kapur @sahilkapur

SALT is a tricky issue for Democrats. Good local politics in suburban, swing, heavy-use districts. But axing the cap is literally a tax cut for the rich 🤑. Now Dems are making a new pitch: SALT helps states tax the rich to boost firefighters + unions. https://t.co/61KS359FIn — PolitiTweet.org

Posted June 24, 2021 Hibernated

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Sahil Kapur @sahilkapur

New: Democrats consider 'SALT' relief for state and local tax deductions Sanders is floating $120 billion to re-expand $10K cap. One idea is lift it for incomes <$400K, per source. A “no SALT, no deal” caucus is driving a hard bargain on reconciliation. https://t.co/61KS359FIn — PolitiTweet.org

Posted June 24, 2021 Hibernated

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Sahil Kapur @sahilkapur

Repealing the SALT cap, as these Democrats are demanding, would mean 70% of the benefits go to those making $500K or more (per Tax Policy Center). Facts are facts even when they’re inconvenient. CAN it be recalibrated toward the 30%? Yep! Read the piece for more on that 👇👇 — PolitiTweet.org

Calling it a tax benefit "for the rich" is a GOP talking point, and ignores option of better calibrating the deduct… https://t.co/nTUxz67dTt

Posted June 24, 2021 Hibernated