“Restore full SALT,”
No he's not talking about the Strategic Arms Limitation Treaty the US has with Russia.
He's talking about State And Local taxes.
One of the reforms that Trump put in place limits how much in state and local taxes people can deduct on their taxes.
This doesn't impact regular folk since the cap is at $10,000 and only the very rich pay that much in state taxes.
But it does impact the rich Democrats who live in Blue states with obscenely high taxes.
Those folks were subsidized by the rest of America until Trump fixed the problem.
For example California has ridiculously high state taxes; Texas has no state income tax.
Because rich Californians could deduct all of their insanely high taxes they paid less into the Federal coffers than did Texans who made the same amount of money.
The Democrats running California got lots more money and the rich Democrats living in California got to deduct every penny that went to the spend crazy Democrats running California.
Clearly Schumer isn't for raising taxes on the rich because if he was he'd be all for limiting SALT deductions.
That's why when Democrats talk about raising taxes on the rich you know that rich Democrats will somehow not end up paying more.
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