SALT CAP FIGHT: WINNERS, LOSERS, AND ITS ECONOMIC STAKES

The State and Local Tax (SALT) deduction cap, a contentious issue since 2017, is back in focus with a proposed hike to $40,000. This change could reshape household budgets and federal revenue. Who Wins? Residents of high-tax states like California and New York, particularly high earners below $500,000, would benefit from larger deductions. Middle