The richest Americans may get a tax cut 10 times Bigger than the middle class under Biden’s spending plans

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.

Click the link below to read the rest of this story.

https://www.dailymail.co.uk/news/article-10191309/Richest-Americans-tax-cut-10-times-BIGGER-middle-class-Bidens-spending-plans.html

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