Op-ed by William McGurn, includes “A tax deduction for the rich puts the Vermont socialist on the side of the angels … Mr. Sanders rightly appreciates that the SALT deduction is a big fat tax break for rich people, even if the rich people in question happen to live mostly in blue states. … Republicans, meanwhile, oppose the SALT break … including what is effectively a federal subsidy for blue-state politicians in Sacramento and Albany. So long as taxpayers can deduct local and state taxes on their federal returns, they don’t pay the full price for the high-spending, high-taxing ways of their local and state pols.”
Read the full article on: The Wall Street Journal