December 7, 2021

Global News Archive

News archives from around the world.

Democrats’ SALT tax fix could come with new minimum tax on upper-income households – The Washington Post

1 min read

Gottheimer, one of the most ardent supporters of repealing the SALT cap, has repeatedly said its existence hurts states and localities in Democratic parts of the country by depriving their state and local governments of revenue. Democrats are planning to reinstate the deduction for five years, making the benefits retroactive from its repeal to 2021, according to a congressional aide familiar with the negotiations.

Source Link

Leave a Reply

Copyright ©2016-2021 Global News Archive. All rights reserved.