Democrat Says He Will Oppose Any Biden Tax Plan Without SALT Fix
- Suozzi demands lifting limit on state and local tax deductions
- Tax break could become negotiation hurdle for Democrats
Rep. Tom Suozzi
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
A New York Democrat said he won’t back any tax increases that President Joe Biden proposes to pay for infrastructure legislation unless there is also a repeal of the $10,000 cap on state and local tax deductions.
“No SALT, no deal,” Representative Tom Suozzi said in a statement Monday. “I am not going to support any change in the tax code unless there is a restoration of the SALT deduction.”