Trump Proposes Repeal of His Own $10,000 SALT Deduction Cap

The former president's pledge to restore full SALT deductions faces skepticism from both parties as he campaigns for re-election.

Trump's 2017 Tax Cuts and Jobs Act imposed a $10,000 cap on state and local tax (SALT) deductions, which he now proposes to eliminate.
The SALT cap has been particularly burdensome for homeowners in high-tax states like New York, New Jersey, and California.
Repealing the cap could increase the national deficit by $1.2 trillion over a decade, according to budget experts.
Republican lawmakers are divided on the proposal, with some viewing it as a giveaway to wealthy individuals in Democratic states.
The SALT deduction cap is set to expire in 2025, but Trump's proposal aims to accelerate its repeal.