Former President Donald Trump seemed to float eliminating the $10,000 cap on state and local tax deductions in a social media post Tuesday ahead of a rally this week in support of vulnerable Republican House members from New York.
Trump was responsible for signing the so-called SALT cap into law, as part of the 2017 tax package, which he has vowed to extend if elected. The cap, which helped bring down that law’s 10-year price tag to $1.5 trillion, has proven unpopular among lawmakers from high-tax states.
Trump promised to “get SALT back, lower your Taxes, and so much more,” in a post on his social media platform Truth Social encouraging attendance at a rally he’s holding in Long Island on Wednesday. Trump’s campaign did not immediately respond to a request for more clarity.
