Democrats push tax break for high-income earners in last-minute social spending package revision

Democrats push tax break for high-income earners in last-minute social spending package revision In a late Thursday night revision to President Biden’s social spending package, Democrats included a provision that would raise the itemized deduction cap for state and local taxes (SALT), a move analysts argue will only benefit high-income earners. https://ift.tt/3GYxQPu https://ift.tt/3ESlCpI November 6, 2021 at 02:17AM