Reason Magazine
•Raising the SALT cap is a gift to high-tax states
Summary
Nutrition label
72% Informative
Tax Cuts and Jobs Act capped the deduction for state and local taxes at $ 10,000 annually .
Julian Zelizer : The new cap hit taxpayers in high-tax states like New York , New Jersey , and California particularly hard.
Zelizer says the federal government was subsidizing the tax-and-spend policies of these states by shielding residents from full impact of local tax increases.
VR Score
82
Informative language
84
Neutral language
51
Article tone
semi-formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/https://taxfoundation.org/blog/jeff-bezos-move-taxes/https://www.bloomberg.com/news/articles/2024-12-12/trump-advisers-consider-raising-salt-write-off-limit-to-20-000https://www.businessinsider.com/california-texas-moving-arizona-florida-expensive-housing-costs-washington-nevada-2023-10
Source diversity
3