{"id":2343023,"date":"2024-09-18T17:22:01","date_gmt":"2024-09-18T21:22:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-salt-pledge-spurs-latest-tax-headache-for-gop-washington-examiner\/"},"modified":"2024-09-18T17:24:28","modified_gmt":"2024-09-18T21:24:28","slug":"trump-salt-pledge-spurs-latest-tax-headache-for-gop-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-salt-pledge-spurs-latest-tax-headache-for-gop-washington-examiner\/","title":{"rendered":"Trump SALT pledge spurs latest tax headache for GOP &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-salt-pledge-spurs-latest-tax-headache-for-gop-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2343023&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses \u2063the \u200dongoing debate\u200d among \u200cSenate Republicans regarding \u200cformer President Donald Trump&#8217;s campaign pledge to repeal the $10,000 \u200ccap on \u2062state and local tax (SALT) deductions. Implemented in Trump\u2019s 2017 tax law, this cap disproportionately affects taxpayers in high-tax &#8220;blue&#8221; states, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/paris-hilton-reveals-she-didnt-change-sons-diaper-for-month-after-birth\/\" title=\"Paris Hilton admits to not changing her son&#039;s diaper for a whole month after he was born\">drawing mixed reactions<\/a> from various party \u200dmembers. Advocates of lifting\u200c the cap argue\u200d that it would \u200dhelp those \u200dwith higher \u200btax burdens, while critics, \u200cincluding some Republicans like \u2064Senator Mitt\u2062 Romney, caution that it represents a \u2062subsidy for wealthier individuals in Democratic states. The debate reflects broader tensions within the GOP, particularly between deficit hawks and\u2064 those looking \u2064to appeal to\u2064 voters ahead of elections. Senate Majority Leader Chuck Schumer \u2063criticized Trump\u2019s pledge as opportunistic, while other\u2064 Republicans remain divided on whether to consider changes to the SALT deductions as they also face pressures to address national debt. The SALT cap is set to expire in 2026 unless Congress takes action, potentially resulting \u200cin significant revenue losses for the federal government.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump SALT pledge spurs latest tax headache for GOP<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1762931\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Senate <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/republican\/\" target=\"_blank\" rel=\"noopener\" title=\"Republicans\">Republicans<\/a> are showing little indication they&rsquo;re willing to make former President Donald Trump&rsquo;s campaign promise to repeal his own limit on <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3157292\/trump-restore-salt-deduction-major-fiscal-reversal\/\" target=\"_blank\" rel=\"noopener\" title=\"Republicans\">state and local tax deductions<\/a> a reality.<\/p>\n<div class=\"article-paywall\">\n<p>Known simply as SALT, the tax deductions are typically cheered by <a href=\"https:\/\/www.washingtonexaminer.com\/news\/2827095\/centrist-republicans-revolt-house-floor-tax-deal-debate\/\" target=\"_blank\" rel=\"noopener\" title=\"blue-state lawmakers\">blue-state lawmakers<\/a> with higher tax burdens but derided by Republicans as a giveaway for coastal wealthy elites.<\/p>\n<p>&ldquo;We&rsquo;ll take his ideas into consideration when the time comes,&rdquo; Senate Minority Whip John Thune (R-SD), who&rsquo;s running to be the next GOP leader, told the <em>Washington Examiner<\/em>. &ldquo;There&rsquo;ll be a lot of certain pushback from some of our members who think that subsidizing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-sanders-rips-one-of-democrats-proposed-tax-cuts-a-terrible-terrible-message\/\" title=\"Sen. Sanders Rips One Of Democrats\u2019 Proposed Tax Cuts: \u2018A Terrible, Terrible Message\u2019\">high-tax states<\/a> isn&rsquo;t a good idea.&rdquo;<\/p>\n<p>Trump&rsquo;s 2017 tax law capped the amount of state and local taxes that can be claimed on federal deductions to $10,000 per filer, which was previously unlimited. But in a vague pledge on Truth Social ahead of a Wednesday night rally on Long Island, Trump said he would &ldquo;get SALT back, lower your Taxes, and so much more.&rdquo;<\/p>\n<p>The vow was seen by some as currying favor to high-taxed voters in the Empire State, where Republicans have sought to chip away at Democrats&rsquo; blue wall.<\/p>\n<p>&ldquo;Lifting the SALT cap is basically a gift to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-we-really-need-to-do-to-make-college-affordable\/\" title=\"What We Really Need To Do To Make College Affordable\">high-income individuals<\/a> in Democrat states,&rdquo; said Sen. Mitt Romney (R-UT), who&rsquo;s retiring from Congress in January. &ldquo;As you get closer to the election, and as close as it is, people are grasping for ways to get a few extra votes.&rdquo;<\/p>\n<p>The debate over SALT is one of several tax cut proposals Trump has floated in his bid to retake the White House that has put him at odds with GOP deficit hawks who say Congress needs to get serious about the national debt. Trump&rsquo;s other revenue-reducing plans include no taxes on tips and Social Security benefits, which he&rsquo;s countered would drive economic growth and thus not increase the debt.<\/p>\n<p>Senate Majority Leader Chuck Schumer (D-NY), a leading proponent of raising the cap, accused Trump of having &ldquo;selective amnesia.&rdquo;<\/p>\n<p>&ldquo;For Donald Trump to pretend he&rsquo;s found religion on eliminating the SALT caps &mdash; two months before an election, speaking in Long Island &mdash; is comical, it&rsquo;s unserious, and it shows the lack of integrity that this man has,&rdquo; Schumer said. &ldquo;His promises carry about as much weight as Monopoly money.&rdquo;<\/p>\n<p>If Congress takes no action by the end of 2025, those like Trump and Schumer will get their way.<strong> <\/strong>The SALT cap is set to expire in 2026, at which point the Joint Committee on Taxation estimates it will cost the federal government nearly $140 billion annually in lost revenue from federal deductions. The current limit reduces revenues by about $21 billion per year.<\/p>\n<p>SALT deductions typically aid higher-income people the most, who have enough tax liability to benefit and itemize their deductions. The nonpartisan Tax Foundation estimated that prior to the $10,000 cap, 91% of the filers who benefited made over $100,000, fueling fears among opponents of an unlimited deduction that it would raise state and local taxes.<\/p>\n<p>Sen. Mike Crapo (R-ID), the top Republican on the Senate Finance Committee, said, &ldquo;Nothing is off the table.&rdquo; But his personal preference on the SALT cap was to &ldquo;extend them as they are.&rdquo;<\/p>\n<p>Some Republicans suggested Trump&rsquo;s newfound SALT stance was part of a broader forward-looking negotiating position with Democrats to extend other Trump-era tax cuts, many of which are set to expire after 2025. Sen. Roger Marshall (R-KS), who expressed that viewpoint, ultimately preferred to &ldquo;just leave it the way it is.&rdquo;<\/p>\n<p>Sen. Rick Scott (R-FL), another GOP leader candidate who&rsquo;s also up for reelection, articulated the thinking among many opposed to Trump&rsquo;s position: &ldquo;Having the federal government subsidize local taxes seems out of sense.&rdquo;<\/p>\n<p>SALT creates strange bedfellows, joining together members from both parties in high-tax states like California and New York. The cap is $10,000 whether filing single or married, dubbed the &ldquo;marriage penalty&rdquo; by those in favor of SALT deductions. <\/p>\n<p>Reps. Marc Molinaro (R-NY) and Anthony D&rsquo;Esposito (R-NY), both of whom represent Biden-won swing districts, are major proponents for undoing the limit. House Republican Conference Chairwoman Elise Stefanik (R-NY) is as well.<\/p>\n<p>&ldquo;President Trump has watched New York Republicans advocate to make life more affordable for our neighbors,&rdquo; D&rsquo;Esposito said. &ldquo;SALT is a priority &mdash; one I will keep fighting for and look forward to restoring the deduction in the 119th Congress with President Trump in the White House.&rdquo;<\/p>\n<p>House Democrats, who are also proponents of nixing the SALT limit, dared Trump to put his money where his mouth is.<\/p>\n<p>&ldquo;He&rsquo;s the one who created this devastating issue in the first place that has hurt so many of my constituents so badly,&rdquo; Rep. Tom Suozzi (D-NY) said. &ldquo;And if it&rsquo;s not just a political ploy and he&rsquo;s serious, he should get 100 members of the House of Representatives that are Republicans and 25 members of the Senate that are Republicans to sign up right now, to do it right now instead of waiting.&rdquo;<\/p>\n<p>Democratic Caucus Chairman Pete Aguilar (D-CA) told the&nbsp;<em>Washington Examiner<\/em>&nbsp;that Democrats will be ready to pass &ldquo;reasonable tax policy&rdquo; if they gain control of the House, foreshadowing an effort to raise the cap. <\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong><\/strong><\/a><\/p>\n<p>&ldquo;This is a problem that they created, and unfortunately, now [Trump] wants to put out a couple tweets and act like he can pass policy to unwind the damage that he&rsquo;s done to working families,&rdquo; Aguilar said.<\/p>\n<p>Rep. Pat Ryan (D-NY) offered a blunter analysis. He assailed Trump&rsquo;s new SALT stance as &ldquo;another piece of bulls*** on top of a pile of bulls***.&rdquo;<\/p>\n<p><em>Cami Mondeaux contributed to this report.<\/em><\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1762931\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1762931\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump&#8217;s SALT promise creates new tax challenges for the GOP Senate Republicans appear hesitant to fulfill former President Donald Trump&#8217;s campaign commitment to eliminate the cap on state and local tax (SALT) deductions that he himself implemented. These deductions are generally supported by lawmakers from blue states with higher taxes but criticized by Republicans as a benefit for wealthy coastal elites. Senate Minority Whip John Thune (R-SD), who is vying to become the next GOP leader, stated, &#8220;We\u2019ll consider his ideas when appropriate,&#8221; adding that there will likely be significant opposition from members who believe subsidizing high-tax states is unwise. Trump&#8217;s 2017 tax reform limited SALT deductions to $10,000 per filer, down from an unlimited amount previously allowed. Recently, Trump vaguely promised on Truth Social before a rally in Long Island that he would &#8220;restore SALT, lower your taxes, and more.&#8221; This pledge was interpreted as an attempt to appeal to voters in New York with high taxes as Republicans aim to weaken Democrats&#8217; stronghold in the state. Senator Mitt Romney (R-UT), who will retire in January, remarked that lifting the SALT cap would primarily benefit affluent individuals in Democratic states and suggested it was a tactic for garnering votes close to election time.<\/p>\n<p>The ongoing discussion about SALT is part of several tax reduction proposals Trump has introduced while seeking another term as president; these proposals conflict with GOP members concerned about national debt levels. Other plans include eliminating taxes on tips and Social Security benefits\u2014measures Trump argues would stimulate economic growth without increasing debt levels. Senate Majority Leader Chuck Schumer (D-NY), a key advocate for raising the cap, accused Trump of being disingenuous: \u201cFor Donald Trump to act like he\u2019s suddenly interested in removing the SALT caps just two months before an election is laughable and shows his lack of integrity.\u201d If Congress does not act by 2025&#8217;s end, both Trump and Schumer may get their wish since the current cap is set to expire in 2026; this could result in nearly $140 billion annually lost revenue due to federal deductions according to estimates.<\/p>\n<p>Currently capped at $10,000 regardless of filing status\u2014a situation referred to as a &#8220;marriage penalty&#8221;\u2014the limit disproportionately affects higher-income individuals capable of itemizing their deductions. The nonpartisan Tax Foundation found that prior to this cap implementation, 91% of beneficiaries had incomes exceeding $100,000 which raised concerns among opponents regarding potential increases in state and local taxes if unlimited deductions were reinstated.<\/p>\n<p>Senator Mike Crapo (R-ID), ranking member on the Senate Finance Committee stated nothing should be ruled out but personally preferred maintaining existing limits on SALT deductions. Some Republicans speculated Trump&#8217;s recent stance might be part of broader negotiations with Democrats aimed at extending other expiring tax cuts from his administration after 2025; however Senator Roger Marshall (R-KS) expressed preference for keeping things unchanged while Senator Rick Scott (R-FL) voiced skepticism about federal subsidies for local taxes.<\/p>\n<p>The issue also unites members across party lines from high-tax areas like California and New York where Republican Representatives Marc Molinaro and Anthony D\u2019Esposito advocate strongly against the limit alongside House Republican Conference Chairwoman Elise Stefanik (R-NY). D\u2019Esposito noted Trump&#8217;s awareness of New York Republicans&#8217; efforts toward making life more affordable through restoring SALT deduction benefits.<\/p>\n<p>House Democrats challenged Trump&#8217;s sincerity regarding his commitment: \u201cHe created this damaging issue affecting many constituents,\u201d said Rep. Tom Suozzi (D-NY). He urged Trump if serious about change should gather support immediately rather than waiting until later while Democratic Caucus Chairman Pete Aguilar indicated readiness among Democrats for reasonable tax policy changes if they regain control over Congress post-election.<\/p>\n<p>Rep Pat Ryan(D-NY) bluntly criticized Trump&#8217;s new position calling it \u201canother piece of bulls***.\u201d Cami Mondeaux contributed additional reporting<\/p>\n","protected":false},"author":3409,"featured_media":2343024,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/trump-puts-republicans-on-spot-salt-reversal.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[11441,6203,8360,3634],"class_list":["post-2343023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-salt","tag-gop","tag-tax","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/trump-puts-republicans-on-spot-salt-reversal.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2343023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3409"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2343023"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2343023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2343024"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2343023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2343023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2343023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}