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The Tax Policy Center: Democrats, Make Permanent both the TCJA Alternative Minimum Tax (ATM) Relief and $10 SALT CAP

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The Tax Policy Center (TPC) was rated overall least biased in research and left-center biased, by Media Bias/Fact Check 11/2/17, prior to the enactment of the Tax Cut & Jobs Act (TCJA). In the linked blog-post TPC recommends that the TCJA’ AMT relief be kept as it is today and the current $10,000 SALT CAP burden be made permanent, Both are due to expire after 2025 with the other TCJA non-corporate tax changes.


(Image by Urban-Brookings Tax Policy Center (TPC))   Details   DMCA

In spite of the GOP House has voted more than 60 times to repeal or alter Obamacare, The Tax Policy Center now wants the Democratic majority to make permanent the $10k SALT CAP, an issue that was instrumental in the Dems flipping so many seats in 2018. Such a recommendation would be expected from right-center to far-right organizations.

The TCJA financed the AMT relief with the SALT CAP burden, primary on the backs of the middle-class.
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At www.taxpolicycenter.org

 

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A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 
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