What happened to "pAy yOu'Re fAiR sHaRe!!!!" ????

Started by RobertELee, November 06, 2021, 05:53 AM

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RobertELee

QuoteIn 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.



https://nypost.com/2021/11/05/dems-just-snuck-a-tax-cut-for-the-rich-into-build-back-better-bill/?utm_source=facebook_sitebuttons&utm_medium=site+buttons&utm_campaign=site+buttons&fbclid=IwAR3RlxlwdQ4OfbkVyLKMvZ92JRFfEWtFMsborq6MXp_NuUTyMcXacrvQMw8">https://nypost.com/2021/11/05/dems-just ... cXacrvQMw8">https://nypost.com/2021/11/05/dems-just-snuck-a-tax-cut-for-the-rich-into-build-back-better-bill/?utm_source=facebook_sitebuttons&utm_medium=site+buttons&utm_campaign=site+buttons&fbclid=IwAR3RlxlwdQ4OfbkVyLKMvZ92JRFfEWtFMsborq6MXp_NuUTyMcXacrvQMw8