Today we’re diving into one of the most contentious tax battles happening in Washington right now—the State and Local Tax deduction (SALT). Now, if you’ve been hearing politicians talk about “tax relief for hard-working homeowners” or “supporting middle-class families,” you might think this sounds pretty good, right? But here’s the thing— like so many tax policies that sound great on the surface, the SALT deduction is actually one of the most regressive tax breaks in our entire system. We’re talking about a policy that overwhelmingly benefits wealthy households while doing absolutely nothing for the majority of Americans. And right now, Congress is debating whether to make this tax break even more generous. Resources Brookings: The SALT tax deduction is a handout to the rich. It should be eliminated not expanded CNBC: Trump’s ‘big beautiful bill’ passes SALT deduction limit of $40,000. Here’s who benefits Forvis Mazars: Be Wary of Pre-Emptive Tax Planning on Itemized Deductions & SALT TIME: A Wonky Tax Break for the Well-Off Is a Bigger Problem for Democrats Than You'd Think Gottheimer: RELEASE: SALT Caucus Co-Chairs, Members Meet & Discuss Fight to Restore State and Local Tax Deduction Tax Foundation: A More Generous SALT Deduction Cap in the Big, Beautiful Bill Would Cost Revenue and Primarily Benefit High Earners RSM US: Bill limits SALT deductions for some financial and professional services firms -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook , Bluesky , TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com . Join our Discord at unftr.com/discord . Become a member at unftr.com/memberships . Buy yourself some Unf*cking Coffee at shop.unftr.com . Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations . Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility . Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media ( mannyfacesmedia.com ). Original music is by Tom McGovern ( tommcgovern.com ). The show is hosted by Max and distributed by 99. Support the show: https://www.unftr.com/memberships See omnystudio.com/listener for privacy information.
