Blue-State Residents Are Reaping Big Refunds From Trump Tax Law's SALT Cap

[question everything]

President Trump’s tax cuts are delivering bigger refunds and smaller tax bills to high-income Democratic-leaning regions that didn’t vote for him.

Millions of taxpayers—largely those who earn between $150,000 and $600,000—are starting to reap the benefits of a change that lets them deduct far more of their state and local taxes, or SALT, from their federal taxable income. In last year’s tax law, Congress raised the cap for that deduction to $40,000 from $10,000.

That means people with high state income taxes and local property taxes can pay less to the federal government, and those people are concentrated in such states as New York, New Jersey and California.

So far this tax season, refunds for people in some higher-tax states have been growing faster than the national average, according to an analysis by Navy Federal Credit Union of member deposits.

More..

https://www.wsj.com/politics/policy/trump-salt-tax-deduction-democratic-states-c419b8a4?st=9GdfbY&reflink=desktopwebshare_permalink

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[Ilikepurple]

1. Wasn't the SALT cap put in place by Trump's last term's tax cuts?

It’s nice of the Journal to frame it this way for the readers. You have to scroll down pretty far before it is noted that this tax issue was created by Trump and fellow Republicans inserted the $10k cap in their 2017 tax cuts, perhaps to target blue states. Now they lift the cap temporarily and blue state taxpayers are supposed to be grateful of these big rewards we reap? Putting aside the debate whether SALT caps should exist and if so to what degree, I grow tired of Trump getting credit for partially rectifying situations of his own making.