And then there is of course this nonsense..
Well, that didn't last long..
Of course it is clear why the president didn't know. He can't be bothered with actual policy, what matters is how it looks.
And see here for those implications on middle class income of abolishing the SALT deduction.
Quote:President Donald Trump said Wednesday that average U.S. households could save $4,000 on their taxes if Congress approves his plan to overhaul the federal tax code, the first such estimate the White House has attached to its proposal. Speaking in Harrisburg, Pa., Trump said those savings would result from his call to lower tax rates on individuals and on companies that have parked some profits overseas. He attributed that estimate to the Council of Economic Advisers, a White House agency that is expected to release a fuller estimate of Trump’s tax plan by next week.Trump claims his tax plan would save average Americans $4,000 - MarketWatch
Well, that didn't last long..
Quote:Months after the White House proposed ending a tax break for people in high-tax states, President Donald Trump grew angry when he learned that the change would hurt some middle-income taxpayers, according to two people familiar with his thinking. Trump’s concerns led him to say this week that “we’ll be adjusting” the tax-overhaul framework, the people said -- but it’s not clear how he and congressional leaders would make up for the revenue that would be lost without ballooning the deficit or torpedoing support for the plan. And Trump’s top economic adviser said Thursday morning that the president is not rethinking his position on repealing the state and local tax deduction...Trump Is Angry About a Proposal in His Own Tax Plan, Sources Say - Bloomberg
Trump’s White House first proposed ending the SALT deduction in April, in a one-page outline of the president’s tax goals. Its repeal is estimated to generate about $1.3 trillion over 10 years, making it an important way to help pay for the business and individual tax-rate cuts Trump and congressional leaders propose.
It’s not clear why the president didn’t know the implications of the SALT deduction for middle-class taxpayers when the plan was released.
Of course it is clear why the president didn't know. He can't be bothered with actual policy, what matters is how it looks.
And see here for those implications on middle class income of abolishing the SALT deduction.