States Prefer a Low “SALT” Diet

September 23rd, 2019 · 7 mins 34 secs

About this Episode

It’s not widely known, but states with high taxes technically get a discount from their federal taxes. Lower-tax states are left to cover the difference. This is because of the “State and Local Tax Deductions” in the federal tax code. ALEC Chief Economist, Jonathan Williams joins to discuss what this means and what state legislators can do.

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