How the SALT Cap War Is Splitting Blue and Red States

The 2017 Tax Cuts and Jobs Act capped the state and local tax deduction at $10,000 — and the political battle over that cap has only intensified. In this episode, Lucas and Luna examine how the SALT cap has created a fiscal tug-of-war between high-tax blue states like New York and California and low-tax red states like Texas and Florida. They look at the real-dollar impact on homeowners in Westchester County vs. Maricopa County, the complicated workaround schemes some states attempted, and why the cap is set to expire after 2025. With trillions in potential deductions at stake, the SALT cap may be the most consequential middle-class tax provision you've never heard debated at a dinner table. #SALTcap #TaxCutsAndJobsAct #StateAndLocalTax #BlueStates #RedStates #NewYork #California #Texas #Florida #TaxPolicy #FiscalPolicy #MiddleClassTaxes #TaxDeduction #FederalTaxation #Economics #FexingoBusiness #BusinessPodcast #TaxPolicyPodcast Keep every episode free: buymeacoffee.com/fexingo