SALT-Cap Foes Threaten Biden Tax Plan as Repeal Bid Gains Steam
- Three Democrats commit to opposing Biden plan without SALT fix
- Lawmakers need one more Democrat to block infrastructure bill
This article is for subscribers only.
Three House Democrats say they won’t support any of President Joe Biden’s tax hikes to fund his infrastructure proposal unless the plan includes a repeal of the $10,000 cap on state and local tax deductions, making them just one vote shy of the number needed to block the president’s tax plan in the narrowly divided House.
“We say ‘No SALT, no deal.’ The GOP passed an unfair cap of $10,000 on state and local tax (SALT) deductions to pay for their 2017 tax giveaway,” Representatives Bill Pascrell and Josh Gottheimer of New Jersey and Tom Suozzi of New York said in a statement Tuesday. “Therefore, we will not accept any changes to the tax code that do not restore the SALT deduction and put fairness back into the system.”