Trump Vows to Reinstate State and Local Tax Deductions: I Will ‘Get SALT Back’
President Donald Trump made a pitch to voters in New York and promised to reinstate state and local tax (SALT) deductions if reelected president.
SALT deduction
Rep. Tom Malinowski to Support Democrat Reconciliation Bill Despite Previously Saying, ‘No SALT, No Deal’
Rep. Tom Malinowski (D-NJ) will support the reconciliation bill pushed by Senate Democrats that does not eliminate the cap on the state and local tax deduction (SALT), despite previously saying he would not support any reconciliation bill that does not remove the cap.
Democrats Approve Billion-Dollar Tax Cut for Their Rich, Blue State Donors
House Democrats approved hundreds of billions of dollars in tax cuts for their wealthy, blue state donors with the passage of President Joe Biden’s “Build Back Better Act.”
Fact Check: Jen Psaki Says Lower Income Taxapyers Will Benefit from Raising SALT Cap
The bottom three-fifths of Americans by income would receive no benefit whatsoever.
Exclusive — Rep. Kevin Brady: ‘Two out of Three Millionaires Get a Big Tax Cut’ in Biden’s $1.75 Trillion Proposal
“Two out of three millionaires get a big tax cut” if the Biden administration’s Build Back Better plan is enacted, Rep. Kevin Brady (R-TX) said.
Report: Joe Biden Likely to Axe Tax Deduction for Wealthy Blue States in Infrastructure Bill
President Joe Biden will likely eliminate a proposal to raise the state and local tax deduction (SALT) deduction in the Demcorats’ infrastructure bill, according to a report Wednesday.
Joe Biden Breaks Pledge: Raises Taxes on Americans Earnings over $50k
The Democrats’ $3.5 trillion infrastructure bill would break President Joe Biden’s pledge not to increase taxes on working-class Americans.
Democrat Demands Tax Cut for Wealthy Blue States in Infrastructure Bill
Rep. Thomas Suozzi (D-NY) said Tuesday that he would not support the $3.5 trillion infrastructure bill if Democrats would not increase the deduction for the state and local tax (SALT), which primarily benefits wealthy, Democrat states.
Kamala Harris Says Americans Are Sleeping Better Due to Joe Biden’s ‘Help’
Vice President Kamala Harris said Americans are “able to breath easier and sleep better” due to President Joe Biden’s “help,” during a speech in North Carolina on Monday.
Majority of California House Democrats Push Biden For Repeal of SALT Cap Limitations
The majority of the California Congressional Caucus sent a letter Thursday to President Joe Biden to urge the President to repeal the State and Local Tax (SALT) Cap limitations President Donald Trump signed into law.
AOC at Odds with New York Congressional Democrat Caucus Over Repeal of SALT Cap Deductions
Rep. Alexandria Ocasio-Cortez (D-NY) said Thursday she disagrees with the group of New York Democrats who sent a letter to House leadership saying they may “vote to oppose” any tax legislation without a full repeal of State and Local Tax (SALT) Cap limitations.
Majority of New York House Democrats Demand Repeal of SALT Limitations
A Majority of New York Congressional Democrats sent a letter to House Speaker Nancy Pelosi (D-CA) and Majority Leader Steny Hoyer (D-MD), saying they vote to oppose “any tax legislation; that does not include a full repeal of the SALT limitations.”
Nancy Pelosi Proposes Moratorium on SALT Deduction Cap; Benefits Rich in Blue States
Speaker of the House Nancy Pelosi (D-CA) is proposing a two-year moratorium on a tax deduction enjoyed primarily by rich people in Democrat-run states — a deduction that President Donald Trump limited strictly in his 2017 tax reform law.
