task0778
Diamond Member
House Democrats from California sent a letter to President Biden this week urging him to undo the cap on the state and local tax (SALT) deduction in infrastructure legislation.
"As you turn your attention to the American Jobs Plan, we urge you to address the $10,000 cap President Trump placed on the State and Local Tax (SALT) deduction, which has hurt our constituents and people across the country since long before the COVID-19 pandemic began," the California Democrats wrote in a letter dated Thursday. "The removal of this arbitrary cap is necessary and prudent as we seek remedies to help the American people during this time of recovery."
The letter is the latest push from lawmakers in high-tax states to lift the $10,000 SALT deduction limit in legislation based on Biden's American Jobs Plan. Most House Democrats from New York signed onto a similar letter earlier this week.
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"Your American Jobs Plan, and the associated Made in America Tax Plan, are a key part of ensuring our country emerges stronger from this pandemic," the California lawmakers wrote. "Alongside policies that create good jobs and ensure corporations pay their share, we must restore fairness to the tax code for the middle class by restoring the SALT deduction."
"Restoring fairness to the tax code for the middle class" is out and out BULLSHIT! That deduction doesn't have a damn thing to do with the middle class, it's entirely aimed at rich people, and it doesn't have jack-shit to do with infrastructure. And repealing the deduction means LESS federal revenue.
"As you turn your attention to the American Jobs Plan, we urge you to address the $10,000 cap President Trump placed on the State and Local Tax (SALT) deduction, which has hurt our constituents and people across the country since long before the COVID-19 pandemic began," the California Democrats wrote in a letter dated Thursday. "The removal of this arbitrary cap is necessary and prudent as we seek remedies to help the American people during this time of recovery."
The letter is the latest push from lawmakers in high-tax states to lift the $10,000 SALT deduction limit in legislation based on Biden's American Jobs Plan. Most House Democrats from New York signed onto a similar letter earlier this week.
.
.
"Your American Jobs Plan, and the associated Made in America Tax Plan, are a key part of ensuring our country emerges stronger from this pandemic," the California lawmakers wrote. "Alongside policies that create good jobs and ensure corporations pay their share, we must restore fairness to the tax code for the middle class by restoring the SALT deduction."
California Democrats urge Biden to address SALT cap in infrastructure bill
House Democrats from California sent a letter to President Biden this week urging him to undo the cap on the state and local tax (SALT) deduction in infrastructure legislation.”As you turn yo…
thehill.com
"Restoring fairness to the tax code for the middle class" is out and out BULLSHIT! That deduction doesn't have a damn thing to do with the middle class, it's entirely aimed at rich people, and it doesn't have jack-shit to do with infrastructure. And repealing the deduction means LESS federal revenue.