Democrats leave SALT cap repeal out of initial version of tax plans

Democrats leave SALT cap repeal out of initial version of tax plans


Democrats released the first look at proposed tax changes for their multitrillion-dollar spending plan, and glaringly absent were changes to the SALT cap .

A vocal contingent of congressional Democrats in high-tax states have pressed for the proposed $3.5 trillion package to raise the cap on federal tax deductions for paid state and local taxes, a move that would result in tax cuts for the wealthy.

While changes to the cap were not included in Monday’s revenue-raising blueprints, those pushing for the cap to be raised or repealed are indicating that it is not the end of the push. Those on the so-called “SALT caucus” will continue pressuring House leadership to include the cuts for their constituents.

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HOUSE DEMOCRATS SEEK TO HIKE TOP INCOME TAX RATE TO NEARLY 40%

In a joint statement after the tax plan’s release, Ways and Means Committee Chairman Richard Neal of Massachusetts, Rep. Bill Pascrell

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