A report in the New York Times claims Pelosi is considering a “retroactive rollback” of “a tax change that hurt high earners in states like New York and California” — the SALT (or “State and Local Taxes” deduction) — in order, it seems, to throw a coronavirus benefit to major Democratic donors.
“A full rollback of the limit on the state and local tax deduction, or SALT, would provide a quick cash infusion in the form of increased tax rebates to an estimated 13 million American households — nearly all of which earn at least $100,000 a year,” the New York Times reports.
Pelosi, of course, complained endlessly about a “corporate handout” in the last stimulus relief package — a “handout” or “slush fund,” as it was often described by cable news commentators, that turned out to be an open fund providing low- and no-interest loans to businesses still suffering from an extended coronavirus lockdown more than six months after it ended. Democrats claimed that Treasury Secretary Steve Mnuchin was the only one in charge of doling out the loans, but the final bill passed with not one but two methods of oversight; Mnuchin was never given the ability to make independent decisions on the “corporate handouts.”
https://www.dailywire.com/news/repo...state-wealthy-massive-infrastructure-spending
https://www.dailywire.com/news/repo...state-wealthy-massive-infrastructure-spending
“A full rollback of the limit on the state and local tax deduction, or SALT, would provide a quick cash infusion in the form of increased tax rebates to an estimated 13 million American households — nearly all of which earn at least $100,000 a year,” the New York Times reports.
Pelosi, of course, complained endlessly about a “corporate handout” in the last stimulus relief package — a “handout” or “slush fund,” as it was often described by cable news commentators, that turned out to be an open fund providing low- and no-interest loans to businesses still suffering from an extended coronavirus lockdown more than six months after it ended. Democrats claimed that Treasury Secretary Steve Mnuchin was the only one in charge of doling out the loans, but the final bill passed with not one but two methods of oversight; Mnuchin was never given the ability to make independent decisions on the “corporate handouts.”
https://www.dailywire.com/news/repo...state-wealthy-massive-infrastructure-spending
https://www.dailywire.com/news/repo...state-wealthy-massive-infrastructure-spending