July 23, 2024



Dems just snuck a tax cut for the rich into ‘Build Back Better’ bill

New Yok Post


What the hell? In the mad scramble to re-re-rewrite the huge “Build Back Better” social-spending bill and rush it to a vote, Speaker Nancy Pelosi inserted a huge tax cut for the rich.

That’s right: The plan now is to raise the cap on state and local tax deductions for federal income taxes, otherwise known as SALT. The 2017 Trump reforms capped it at $10,000; Pelosi would raise that to $72,500 in 2021, then gradually to $80,000 over the next decade.

Read more…