A group of seven Democratic governors joins party calls urging President Biden to revoke Trump-era boundary state and local tax deductions (SALT).
In a letter sent to the White House on Friday, the governors, including that of New York Andrew Cuomo
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“We need to go further and undo the limit imposed on state and local tax deductions (SALT) by the Trump Administration through the Tax Cuts and Occupations Act in 2017,” the governors argued.
The rule, which was established by ancients President Trump
White House says bills are bipartisan, even if the Republican Party doesn’t vote for them, Gaetz boasted of “access” to women through the Florida tax collector charged in a federal case: the Trump report calls for boycott MLB to move game from MORE stars to offset some of his tax cuts, he limits SALT deductions to $ 10,000. Legislators in high-tax democratic tax states have long pushed the limit and pushed for it to be reversed.
Governors argued Friday: “For the first time since Abraham Lincoln created the federal income tax, the SALT deduction cap established a double taxation system, where 11 million Americans were forced to pay taxes on the amount they paid to the state, local, and property taxes, amounting to $ 670 billion in a decade. “
“Like so many of President Trump’s efforts, limiting deductions to SALT was based on politics, not logic or good governance,” they stated. “This assault was disproportionately directed at the Democratic-led states, raising taxes on working families.”
“This was unacceptable at the time and is simply unsustainable given the dire economic conditions caused by the pandemic,” the governors added.
Democrats said that while “it was encouraging to hear Treasury Secretary Yellen agree to work with Congress to lower the $ 10,000 limit on SALT recently,” the Biden administration and members of Congress must “continue these efforts to alleviate this immense financial burden for our residents and completely remove the SALT cap.”
The joint letter was also signed by the governors. Ned Lamont (Conn.), JB Pritzker (Ill.), Kate Brown
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A growing number of Democrats intend to put pressure on Biden to lift the limit on SALT deductions, including members of the House. threatened with withholding support for Biden’s $ 3 trillion infrastructure proposal if the limit is not removed.
Tuesday, Democratic Representatives, Thomas Suozzi (New York), Bill Pascrell
William (Bill) James Pascrell The founder of the Daily Poster discusses Dems’ conservative strategies for influencing Biden Pelosi’s hopeful “Democrats.” Democrats can reform SALT taxes on the Biden infrastructure bill. Biden jeopardizes Capitol Hill spending and taxes. (NJ) i Josh Gottheimer
Joshua founder (Josh) GottheimerDaily Poster discusses Dems ’conservative strategies for influencing Biden Pelosi’s“ hopeful ”Democrats who can reform SALT taxes on Biden’s infrastructure bill. Biden jeopardizes Capitol Hill spending and taxes. MONTH (NJ) issued a joint statement promising to oppose any effort to change the tax code unless the SALT deduction is reinstated.
Speaker of the House Nancy Pelosi
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Pelosi said in a press conference: “We hope we can incorporate it into the bill. I never give up hope of something like that. [that] it means a lot to the American people. “