NBC News calls Democrat-backed SALT proposal set to help millionaires a 'middle class tax provision'
Fox News
NBC News is raising eyebrows for its characterization of Democrat-backed legislation that would ultimately benefit the wealthiest Americans if passed into law.
The Washington Post estimates raising the deduction cap would result in a "$285 billion tax cut" that would "almost exclusively benefit high-income households over the next five years."
According to data from the Tax Policy Center, the top 1% with a salary of $867,000 or more will save on average roughly $15,000 while those earning an estimated $96,000 salary will save approximately only $20.
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