NJ Spotlight News

Some say SALT deduction restoration is tax cut for wealthy

Clip: 05/03/2021 | 3m 35s | Video has closed captioning.

The state and local tax deduction, previously unlimited, was capped at $10,000 by the Trump administration as a way to help pay for a massive tax cut. It targeted blue states like New Jersey, and since then restoring the deduction has become a rallying cry for Democrats. But some progressives are saying restoring the deduction is a gift to the wealthy.

Aired: 05/03/21

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.