Skip to content

SALT Caucus House Members from States like California and Connecticut Are Missing the Point–And Could End Up Raising Taxes for Everyone Next Year

By: Daniel Bunn

In a rare change of pace, taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. legislation passed out of the Ways and Means CommitteeThe Committee on Ways and Means, more commonly referred to as the House Ways and Means Committee, is the chief tax-writing committee in the US. The House Ways and Means Committee has jurisdiction over all bills relating to taxes and other revenue generation, as well as spending programs like Social Security, Medicare, and unemployment insurance, among others. last week with overwhelming, bipartisan support. In a more common turn of events, it may not get much further thanks to a small group of passionate, but misled lawmakers known as the “SALT Caucus.”

This coterie of 33 members hail from states with high income tax rates–California, Connecticut, Maryland, and Minnesota–where the Caucus’s stated mission is to “make life more affordable” for middle-class families.

That’s a laudable aim, but their method of achieving it is backward.

This is a preview of our full op-ed originally published by Fortune.

Continue reading

 

Stay informed on the tax policies impacting you.

Subscribe to get insights from our trusted experts delivered straight to your inbox.

Subscribe

About the Author

Daniel Bunn Tax Foundation President & CEO
Expert

Daniel Bunn

President and CEO

Daniel Bunn is President and CEO of the Tax Foundation. Daniel has been with the organization since 2018 and, prior to becoming President, successfully built its Center for Global Tax Policy, expanding the Tax Foundation’s reach and impact around the world. Prior to joining the Tax Foundation, Daniel worked in the United States Senate at the Joint Economic Committee.