Category Archives: Republicans

Category Added in a WPeMatico Campaign

Republicans Have a SALT Tax Deal. Who Will Benefit?

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban states, where sales taxes are higher and real estate costs more.

Go to Source
Author: Zach C Cohen

House GOP lawmakers are proposing $1 trillion in cuts to Medicaid and food stamps. Here’s who could be impacted

House Republicans are pushing to slash at least $1 trillion from two of the nation’s bedrock safety net programs, Medicaid and food stamps, as part of their sweeping package aimed at enacting President Donald Trump’s agenda. If the legislation is approved, millions of Americans could lose access to these benefits due to this historic pullback in federal support.

Go to Source
Author: Tami Luhby