Just The News-
The Supreme Court on Monday declined to hear an appeal out of New York that brought a challenge against the cap on taxpayer state and local deductions implemented by the Trump administration.
In the case, New York v. Yellen, Janet Yellen, in her official capacity as secretary of the Treasury, is being sued by New York, New Jersey, Connecticut, and Maryland. The states initially sued Yellen’s predecessor, Treasury Secretary Steven Mnuchin, and the IRS when the Trump tax cut of 2017 – of which the SALT cap is a part – went into effect.
The states argued that the SALT cap was unconstitutional – though that argument gained no judicial traction. In 2019, a federal district court ruled against the states, as did the U.S. Court of Appeals for the 2nd Circuit in 2021. more
These elite motherfuckers not only want their student loans paid by taxpayers, they want their high blue-state taxes paid by other taxpayers.
Today being tax day, at least I don’t have a fucking STATE INCOME TAX to deal with…
NYS wanted to have taxes they passed and their state tax slaves paid to NY state tax collectors passed off as a tax deduction on federal returns. In effect making other state tax payers pay NY taxes. Slick slight of tax trick in an attempt to keep wealthy people from leaving NYS to a state with lower taxes.
It’s hilarious that every break the Dems publicly demand serves the elite, whether SALT, student loan forgiveness, whatever. Then they enact policies that destroy the poor and middle class – although they give some handouts to the poor.