The American people got a highly misleading June 24 report from Congressional staff about the effect of repealing Donald Trump’s $10,000 limit on state and local tax deductions, known as SALT.
Millionaires and billionaires get most of the benefits if the limitation is repealed, the Congressional Joint Committee on Taxation reported.
Duh.
Our major news organizations promptly parroted the findings without digging deeper. And none thought to report on whether the tax committee staff had been asked the right or best question in preparing its analysis.
View the complete July 4 article by David Cay Johnston on the DC Report website here.