I'm going to have to get a new Steve Bingo card - I would not have predicted you being against the federal SALT deduction, which penalizes spending happening at a more local level in the interest of filling federal coffers.

If you're taking listener requests, I'd love to hear an expanded take on it that not only includes the partisan warfare aspects of it (penalizing Democrats who pay more state and local taxes), but also the financial aspects and whether it's a policy in the wrong direction for those of us wishing to pull more decision making and spending (and taxing) to the local level where those policies are more accountable to affected citizens.

Looking forward to the podcast. When I saw "revolution" in the title, I was expecting more of a ripping into of General Milley, and less "Hunger Games". As soon as that's up, I'll be adding your RSS feed to my podcatcher app.

Keep up the good work, guys!

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Sep 15, 2021Liked by Chris J. Karr

I’m looking forward to the upcoming podcast. It’ll be nice to hear you and David discuss various topics aurally. I didn’t follow the Racket News actively until around March or so of this year. But I do remember the podcast you had with your brother Jay and David in the aftermath of 1-6.

As for the SALT federal tax deduction, I’m kind of straddling the fence on this issue. I haven’t really been impacted all that much to the changes to SALT from the tax reform legislation a few years back. I also haven’t paid much attention to the issue until now, so I’m hoping to get some of you and David’s more detailed and nuanced, in depth takes on It and other ideas for reforming our tax system at the federal level.

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Your position that eliminating the SALT deductions is a giveaway to the rich is way off. I live in California and the tax change hurt more middle income homeowners than anyone else. The whole tax change was a middle finger by the Trump administration to the coasts that didn’t vote for him, regardless of the impact on real people who suffer under state income taxes as well as higher home prices, resulting in higher property taxes.

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