A group of Democrats seek to repeal the Trump-era limit to state and local tax deductions, adding that it is a part of President Biden’s signature spending plan. It sets up a battle with progressive Democrats who claim that doing so would result in a massive tax cut for those at the top. The so-called SALT deductibility cap, which will expire in 2026, restricts the amount of … [Read more...] about Democrats May Include Tax Cut That Benefits Wealthy Americans In Biden’s Huge Spending Plan
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