Nuveen's O'Leary Says Some States Are Feeling a 'Fair Bit' of Pressure From SALT Deduction Caps

The video discusses the impact of the $10,000 SALT deduction cap on high-tax states and local governments. It highlights the challenges these jurisdictions face in raising revenue and the strategies they might employ to mitigate the cap's effects. The discussion also covers the flexibility of local governments in adjusting taxes and the role of voter approval. Investment considerations related to SALT and local governments are explored, along with the potential expiration of the SALT cap in 2025 and its political implications.

What historical context is provided regarding the extension of the SALT deduction cap?

What is the significance of voter approval in the context of local tax increases?