- Moderator
- #1
Eliminating the $10,000 cap on SALT deduction benefits upper income and wealthy individuals, while ultimately passing that tax burden onto the middle class and lower income individuals. My how times have changed.
Speaker Nancy Pelosi (D-Calif.) on Monday suggested that a controversial portion of President Trump's 2017 tax law could be retroactively rolled back in the next coronavirus relief bill.
In an interview with The New York Times, Pelosi suggested that reversing the tax law's $10,000 cap on the state and local tax (SALT) deduction for 2018 and 2019 could be a way to provide individuals with more money.
Pelosi floats undoing SALT deduction cap in next coronavirus bill
Speaker Nancy Pelosi (D-Calif.) on Monday suggested that a controversial portion of President Trump's 2017 tax law could be retroactively rolled back in the next coronavirus relief bill.thehill.com