The article covered Donald Trump's reversal on a tax deduction he removed during his first term as the 2024 presidential election approached.
- During his first term, Trump removed a tax break that he offered to return if elected to a second term.
- Trump aides said that the reversal was part of a 'two-track' solution in response to changes in the United States' economic situation.
- The reversal marks an addition to a series of tax breaks being offered by both Trump and his opponent Kamala Harris as the election nears.
Professor Bruckner said: "The change in the limitation on the deductibility of state and local taxes was an easy play to target revenue flowing to blue states. Now it appears that higher-income taxpayers in swing states have been able to successfully plead their case to Trump.”
Read the article here.