Former President Donald Trump suggested on Tuesday that if he returns to the White House, he’ll restore the state and local tax (SALT) deductions capped under his administration in 2017.
Ahead of a campaign rally in Long Island on Wednesday, Trump said in a Truth Social post that he plans to “get SALT back, lower your taxes, and so much more.”
The former president didn’t provide details, but his post previews what he will discuss at his rally in Long Island, a key swing area important for lawmakers seeking to control the U.S. House of Representatives in November.
The SALT deduction allows taxpayers to deduct a portion of their state and local property taxes, income taxes, and sales taxes from their federal taxable income. Over the decades since it was introduced in 1913, restrictions have been put on the types of fees and taxes on which taxpayers can claim deductions….