The current Republican tax plan includes a proposal to eliminate the federal deduction for state and local taxes (SALT) — and replaces it with tax cuts that overwhelmingly benefit the wealthy, with more than 70 percent of the benefits going to the wealthiest one percent of Nevadans. According to a nonpartisan analysis, Nevada taxpayers would see an average increase of $1,084 in federal taxes without the state and local tax deduction.
The elimination of the state and local tax deduction would also hamstring local governments, hindering their ability to fund vital public services such as education and infrastructure spending, according to a recent report from the Center on Budget and Policy Priorities.
“This partisan tax plan, including the controversial proposal to end state and local tax deductions, appears to be nothing more than another way for Republican politicians like Dean Heller to curry favor with wealthy donors,” said Stewart Boss, Nevada State Democratic Party spokesperson. “Nevadans could see an average increase in federal taxes of more than $1,000 without these local deductions. Senator Heller should oppose any tax plan that would overwhelmingly benefit the wealthiest one percent while working families pay the price.”