Rep. Katie Porter, D-Irvine, co-sponsored the latest effort to roll back a provision of the Trump tax plan.
Blue-state Democrats have been fighting since 2017 to repeal a key provision of President Trump’s tax plan that penalized high-cost California filers.
Now, Southern California Rep. Katie Porter is trying to roll back that provision, co-sponsoring the latest attempt to revive the state tax deduction. Her bill eliminates the cap for taxpayers earning less than $400,000 a year while phasing it out for those making more than that. The “Supporting Americans with Lower Taxes Act” – co-sponsored by Porter, D-Irvine, and U.S. Rep. Tom Malinowski, D-New Jersey – is one of at least five SALT bills either introduced or under review in Congress’ current session.
Some Republicans also support repeal. U.S. Rep. Mike Garcia, R-Santa Clarita, introduced a bill last year that would eliminate the cap altogether. “Taxpayers cannot claim a deduction for private consumption, nor should they be able to deduct the cost of the services that they — or their elected representatives — choose,” the report said.
But most of that extra revenue is paid by wealthy taxpayers, the tax institute and the D.C.-based Tax Foundation reported. If the cap were repealed, the tax institute estimated, 85% of the cuts would go to the nation’s richest 5%, or those earning more than $276,200 per year.But you don’t have to be wealthy to be affected by the tax cap.
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