Trump to GOP: Raise Taxes? That's On You

<![CDATA[Well, maybe not entirely on Capitol Hill Republicans. A couple of weeks ago, the GOP began discussing a hike in the top tax rate to balance out predicted revenue reductions by expanding the state and local tax deduction (SALT) from its current cap at $10,000. The plan would be to get the new reconciliation bill to a deficit-neutral outcome by massaging the revenue derived from the highest earners, while giving some relief to middle-class households caught in high-tax states like New York and California.]]>