Advertisement
The governors added: “In the states most affected by this cap, the federal government already takes more in federal taxes than the states receive in federal support, effectively subsidizing federal payments to other states.”
But I’ll be the skunk at the picnic: By allowing state and local tax deductions on federal returns, the U.S. government is subsidizing high California taxes. That isn’t fair for federal taxpayers in low-tax states.
“I’m conflicted,” says Jon Coupal, president of the Howard Jarvis Taxpayers Assn. “We love tax deductions. But a downstream impact would be to remove a bit of the deterrent to higher [state and local] taxes. If we lose the cap on SALT, it gives California the green light to raise taxes.
California Democrats have a chance to flex some muscle and work to restore deductions for taxpayers msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
California Politicians Owe $2 Million in Campaign Fines, Don’t Get Punished
California’s secretary of state’s office has failed to collect $2 million in fines owed by politicians, lobbyists and campaign donors who the office says filed disclosure reports late, a CalMatters analysis shows. It’s allowed some of the largest fines to languish for many years with no consequences to those who are supposed to pay up.
The debts are owed by a range of political players, according to a list published on the secretary of state’s website that details outstanding fines as of April 1. It shows fines owed by 26 state lawmakers and 21 superior court judges, as well as former legislators, losing candidates, ballot measure campaigns, Democratic and Republican clubs and corporate and labor-backed political action committees.
Caitlyn Jenner is no Arnold Schwarzenegger. And she s no threat to Newsom
FacebookTwitterEmail
1of5
Caitlyn Jenner speaks at the Women’s March in Los Angeles in January 2020. Jenner is said to be exploring a campaign to challenge Gavin Newsom for governor of California.Sarah Morris / Getty Images 2020Show MoreShow Less
2of5
Caitlyn Jenner has remained silent on whether she plans to challenge Gavin Newsom for governor of California.Paul Archuleta / Getty Images 2020Show MoreShow Less
3of5
Caitlyn Jenner’s manager has denied reports that she is considering challenging Gov. Gavin Newsom.Star Max / GC Images 2020Show MoreShow Less
4of5
Caitlyn Jenner attends the National Television Awards in London in January 2020.Karwai Tang / WireImage 2020Show MoreShow Less