The GOP nominee vowed to do a 180 on a program he nixed as president that largely helps blue states.
Republican presidential candidate former President Donald Trump speaks during a town hall event at the Dort Financial Center in Flint, Mich., Tuesday, Sept. 17, 2024. wants to bring back a tax deduction that largely helps people living in blue states after he gutted the program when he was president.
“I will turn it around, get SALT back, lower your Taxes, and so much more. I’ll work with the Democrat Governor and Mayor, and make sure the funding is there,” Trump posted to Truth Social on Tuesday. The law that took effect Jan. 1, 2018, was the most extensive rewrite of the U.S. tax code in three decades, adding an estimated $1.5 trillion to the ballooning deficit. It provided steep tax cuts for corporations and the wealthiest Americans, and more modest reductions for middle- and low-income individuals and families. While the law slashed the corporate tax rate permanently from 35% to 21%, its tax cuts for individuals expire in 2026.
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