The Future of Salt: A Broader Picture
4 Pages Posted: 16 Aug 2018
Date Written: June 25, 2018
In this essay, we evaluate the new cap on the state and local tax (SALT) deduction. We argue that the structure of the new cap is not consistent with any theory as to what the SALT deduction is or should be. In canvassing these theories, we further evaluate how future reforms to the SALT deduction might proceed.
JEL Classification: K34
Suggested Citation: Suggested Citation