Disappointing.
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Trump now opposes SALT cap: During his first presidential term, Donald Trump signed the Tax Cuts and Jobs Act, which included a $10,000 cap on state and local taxes (SALT) that could be deducted from federal taxes. High-tax Democrat-run states like New York and California loudly objected to the measure because they like having low-tax states subsidize their high taxes and spending. Republicans support the cap because it prevents the wealthy within these blue states from avoiding the high taxes they vote for. However, Trump now appears to be flip-flopping on the issue, arguing for eliminating the SALT cap. On Truth Social, Trump posted, "I will turn it around, get SALT back, lower your Taxes, and so much more." Beyond the post, there has been no further clarification of Trump's position on the issue. The apparent motive for the flip-flop may be in response to a number of Republican representatives in New York who have been calling for restoring SALT. The problem is that restoring SALT would negatively impact the national debt.