Dems working on a tax cut for the rich

 Washington Examiner:

Democratic leadership outlined plans Monday to bypass GOP filibusters to alter the cap on deductions for state and local taxes paid, a tax break largely for the wealthy opposed by most Republicans and some Democrats.

The fiscal 2022 Senate Democratic budget proposal released on Monday calls for “SALT cap relief” among its sweeping measures. While the budget is not legislation and is not binding, approving it would unlock a legislative process that would allow for Democrats to enact legislation with a simple majority in the Senate, meaning that Republicans could not block it using the filibuster.

...

It is also meant to help greedy blue state legislators who have been losing some of their tax base by the rich fleeing their poorly run states.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Is the F-35 obsolete?

Apple's huge investment in US including Texas facility