Page 28 - Salt Deduction News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Follow-up that's going to be the surprise. now, do you think it will be? >> yeah. i mean you just heard the same can northward we heard in december about the tax cuts that maybe republicans should be nervous about voting for the tax cut because of the salt deduction in the high tax states. the tax we form got rid of the imp most of the citizens would have been hit with high tax states wouldn't hit anymore. >> neil: it's not a lot of republican jobs in jeopardy. >> not a lot of the republicans. news that prosecute republicans are voting for the tax cut. probably didn't vote for the tax bill. i ...

New york, new jersey, and connecticut passed laws to help lawmakers circumvent that cap but the treasury department proposed a new rule to block those work arounds, christine romans has more. >> don't get too excited about create i have work arounds to keep your state and local tax deductions. the treasury department is cracking down on a loophole that helps taxpayers avoid the new cap on state and local tax deductions. that was one of the most controversial parts of the new gop tax law. once unlimited, the so-called salt deduction is capped at $10,000, that harms high-tax states which are mos...

To the powerful new samsung galaxy note9. the perfect device for entertainment & productivity. so, it's essentially the ed helms of devices? how so? well he's both very entertaining and very productive. you think? yeah, i do. and that's my completely unbiased opinion. buy a galaxy note9 and get one free. more for your thing. that's our thing. all right. don't get too excited about creative work rounds to keep state and local tax deductions. the treasury department cracking down on the loophole from states preventing them from paying the new cap on state and local tax deductions. the controve...

All right. don't get too excited about the creative work around s to keep your state and local tax deductions. working on a loophole to help taxpayers avoid a cap on state and local tax deductions. that was the controversy part of the gop tax law. once unlimited, the so-called salt deduction is capped at $10,000. that harms high tax states which are mostly blue states. several blue states are suing the trump administration. they claim the law unfairly targets democratic states. the same states passed laws to work around the cap. allowing taxpayers to make charitable contributions in terms of a...

Out economic boom that we have. new jersey wasn't all that happy because it stripped the new jersey residence from being able to claim some of that back on their taxes. where do you stand on that now? >> i will tell you, the overall tax bill is outstanding for the economy like you put out. look at the economic growth we are having. put companies on level playing field create jobs in the united states specifically in new jersey. but the top end of the tax bill, the cap on state and local tax deductions is bad for new jersey because it's leading to an outmigration of some of the highest earners ...