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Republican Sweep Strengthens Trump’s Tax Cut Dreams
News November 15, 2024 at 05:45 PM
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What You Need To Know
- Wealthy families and some business owners could benefit most, says one tax expert.
- Some changes to SALT, such as raising the cap or doubling the deduction for married couples filing jointly, are possible.
- But just extending the expiring tax cuts would drive up deficits by $4.6 trillion over 10 years.
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