The debate over eliminating the federal tax deduction for state and local taxes — a linchpin of the Republican tax cut plans now working their way through Congress — has focused on the economic and political effects of the change. A few contemporary commentators have noticed that eliminating the SALT deduction, as it’s known today, invades local prerogatives. New York State Comptroller Big states with high state and local taxes tend to be net contributors to federal coffers, shown here in red. Big states with high state and local taxes tend to be net contributors to federal coffers, shown here in red. At this moment, the GOP plan to take an ax to the SALT deduction looks like a juggernaut.

Source: Los Angeles Times December 08, 2017 22:26 UTC