What SALT Deal? | National Review

 What SALT Deal? | National Review

Senator Joe Manchin’s misgivings aren’t the only thing keeping Biden’s “Build Back Broke” bill from advancing in the Senate — there is also the matter of the massive tax break for blue-state rich people via lifting the cap on State and Local Tax (SALT) deductions. The House bill jacked the SALT cap all the way up from $10,000 to $80,000. Even in high-tax states, you have to be doing awfully well to rack up $80,000 in state and local taxes.

Bernie Sanders wants to cap the deduction at $400,000 of income. Senator Bob Menendez of New Jersey balked:

This is the only thing the current Senate bill says about SALT.

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About the Author

Tony Beasley
Tony Beasley writes for the Local News, US and the World Section of ANH.