Back on July 18th, I reported on a lawsuit brought by blue states over the change in the SALT deduction. Prior to tax reform people living in highly taxed states could deduct State and local taxes (SALT) from their federal return. Blue state spending goes unpunished. Liberal governors have no reason to be frugal as long as their local taxpayers can get their taxable income reduced at the expense of other states.
Republican Tax reform capped the SALT deduction at 10,000.00 dollars. And now Democrats are mad because Trump won’t let them live large on your dime. But there’s another aspect to this liberal fraud I left unexplored.
Dan Bongino brought it up the other day on his podcast.
How many times have we heard the left talk about how paying taxes is a show of patriotism. An exercise for the greater good. How rich people don’t pay their fair share or how low-income folks always get screwed.
The Rich should pay more, they say.
The 10K cap on SALT in the Republican tax reform package places a higher tax burden on the rich. SALT reform removes a significant deduction and raises taxes on people who own more property and earn more money. The more money and property you have the more taxes you’d pay if you couldn’t deduct the local taxes on your federal return, thus satisfying the liberal narrative.
Republicans passed a reform that raises taxes on the rich.
And the first thing Blue State Democrats do is whine like stuck pigs until their Blue State Democrat governors file a lawsuit that would give those tax breaks back to the rich.
Nice job, Democrats. Great optics.
