On Monday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Microler (R-NY) stated the present salt provisions within the Republican tax proposal are “terribly insufficient.” And he voted in opposition to the invoice as he was standing now. He additionally argued that if the invoice did not move, and that “salt was paying for tax cuts and different provisions of the Employment Act,” the deduction would return with out restrictions, so there was no want to seek out cash for the salt deduction.
Roller stated: “As I stated from the start, I do not assist a tax invoice that does not correctly handle the unfair $10,000 cap launched below the Tax Cuts and Employment Act of 2017. When the Tax Cuts and Employment Act expires on the finish of this yr, salt will return limitless. Other provisions, for instance, wish to guarantee an alternate minimal tax.
Later he added: “Salt was a fee for tax cuts and different provisions of the Employment Act. And in some way, it is a fee, however that is a joke. That’s a joke. Invoice.”