Despite the label they give themselves, there is nothing “moderate” about the fiscal irresponsibility of blue-state Republicans as House Republicans try to complete their work on President Donald Trump’s “one big, beautiful bill.” These Republicans from states such as California, New Jersey, and New York are pushing for massive subsidies for the wealthiest taxpayers while refusing to cut spending in any meaningful way. If they get their way, the federal government will spend itself into record-setting debt and economy-crippling interest rates for years to come.
Trump’s 2017 Tax Cuts and Jobs Act was good public policy because it simplified the tax code, broadened the tax base, and lowered rates, making for a more efficient and fair tax system. One of the primary ways it accomplished this was by capping at $10,000 the amount of state and local tax, or SALT, that households were allowed to deduct from their federal taxable income.
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