Recently, President Donald Trump, Senior Advisor to Tesla and Space X Elon Musk met with Fox News Chawn-Shoon Channel for an exclusive interview about the first few weeks of the Trump administration’s second office.
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Among the talk of things such as the Ministry of Acting, the media and the sense of anti-Trump, but, it was an interesting bias in which Haneti said Trump was deprived of tax cuts in his first administration he loved.
Then see how much you can save if Trump refunds tax cuts.
When Trump signed the tax reduction law in 2017 – on January 1, 2018 – the revenue law put $10,000 on tax cuts on state and domestic tax cuts (salt cuts). Salt, essentially, is an objective deduction that allows taxpayers to cut the amount of revenue, sale and property taxes given to the governments of the state and local. Historically, salt cuts have immorally helped the upper middle class and rich taxpayers living in states with high taxes.
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Until, the tax reduction and job reduction law, which cut salts for $10,000 for 2018 to 2025. Not everyone was happy with the cup, but with Thomson Reuters reported that rich taxpayers in New York, New Jersey, Maryland and Connectics filed a complaint.
“You know, my taxes first rose because you took away your deduction from you… that I thought it was the right decision,” Hanniti told Trump.
Trump defended his decision on the above salt, saying he felt salt cutting “the savings of bad states.
The most salt states were California, Contecticot, New Jersey and New York.
“It was a right-wing decision – actually, Reagan tried to do that… but at the same time… it’s difficult for the states,” Trump said. “(Reigan) couldn’t do it. I finished it. And now we’ll give back some of them.
According to the Kiplinger, during the 2024 presidential campaign, Trump changed the route of the tax law and announced that he intended to cancel the cup and “reach salt from it.