The state and local tax (SALT) deduction will remain in place for 99 percent of taxpayers, a White House tax adviser predicted Friday.
In an interview with WMAL Friday morning, Heritage Foundation economist Stephen Moore dismissed fears that the new GOP tax plan will fully repeal the SALT deduction.
“At the end of the day, you heard it first here at WMAL, I think this provision will only apply to people in the top one percent of income, so 99 percent of people will not even be effected by this,” Moore said. “If they get rid of the state and local tax deduction it will only apply to people who, let’s say, make over $500,000 or $1 million a year.”
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