Trump's SALT proposal is not good policy: EJ Antoni | Fox Business Video

EJ Antoni, an economist from the Heritage Foundation, critiques Donald Trump's proposal to adjust the SALT (State and Local Tax) deduction policy. Antoni argues that this proposal does not represent sound fiscal policy and could result in adverse economic effects, emphasizing that the impacts of such tax changes need to be carefully evaluated. He suggests that political motivations may influence Federal Reserve rate cuts and similar economic measures.

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The potential introduction of Trump's SALT proposal could influence high-tax states' economic performance negatively, discouraging investment in those areas. Given that this is a politically charged issue, it may also create volatility in the stock market, particularly affecting sectors like real estate and municipal bonds.

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