Democrats want to raise the cap of the state and local tax (SALT) deduction from $10,000 to $80,000
By MORGAN PHILLIPS
POLITICS REPORTER FOR DAILYMAIL.COM
The mega-wealthy are in for a treat if President Biden’s social and climate spending bill is passed by Congress.
Democrats want to raise the cap of the state and local tax (SALT) deduction from $10,000 to $80,000, undoing a signature part of President Trump’s 2017 tax cuts. It would be retroactive for 2021.
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