Editorial, includes “…Republicans in the U.S. Senate have proposed a tax overhaul that would eliminate the itemized deduction known as SALT, for state and local taxes. … Destroyed? Some states sure have become dependent on deductions. Local and state politicians try to excuse the high taxes they impose by citing SALT: Sure, we’re gouging you, but you can write off our taxes on your federal tax return. Hello, Illinois.”
Read the full article on: Chicago Tribune