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Both Sides Spin Who Would Benefit from Extending Trump Tax Cuts

  • Lawmakers are discussing the implications of President Donald Trump's tax cuts, particularly focusing on the $10,000 limit on state and local tax deductions known as SALT, which is a key issue for high-tax states like California, New Jersey, and New York.
  • Trump has shifted his stance on the SALT cap, previously supporting it but now expressing interest in reversing it since his campaign.
  • The SALT deduction cap, enacted in 2017, will expire after 2025 without Congressional action, and it is a significant revenue generator, complicating negotiations for potential tax cuts, according to Garrett Watson from the Tax Foundation.
  • Concerns have arisen about proposed Medicaid cuts in light of budget negotiations, with Californians warning that such cuts would pose serious risks to vulnerable populations.
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Fact Check broke the news in on Wednesday, March 12, 2025.
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