Apr 10, 2019
It’s called the state and local tax deduction–or SALT–and it’s the subject of fierce political and legal controversy. The Tax Cuts and Jobs Act, passed by Congress in 2017, placed a $10,000 limit on this deduction under the federal tax code. What is the SALT deduction? And why has putting a cap on it caused such a furor?
Our guest this episode is Dr. Joyce Beebe. She is a fellow in public finance at Rice University’s Baker Institute for Public Policy and an expert on taxation.