It’s called the state and local tax deduction–or SALT–and it’s the subject of fierce political and legal controversy. The Tax Cuts and Jobs Act, passed by Congress in 2017, placed a $10,000 limit on this deduction under the federal tax code. What is the SALT deduction? And why has putting a cap on it caused such a furor?
Our guest this episode is Dr. Joyce Beebe. She is a fellow in public finance at Rice University’s Baker Institute for Public Policy and an expert on taxation.
