Home Business News Opinion | Are Democrats Price Their SALT?

Opinion | Are Democrats Price Their SALT?

Joe Manchin’s shock local weather invoice made chumps out of GOP Senate leaders, however don’t neglect the Home Democrats who pledged to oppose any tax deal except it uncapped the deduction for state and native taxes (SALT). The Democrats drew a purple line. Will Speaker Nancy Pelosi now herd them throughout it like a docile flock of lambs?

“We help the President’s agenda, and if there are any efforts that embody a change within the tax code, then a SALT repair have to be a part of it. No SALT, no deal.” That was the unequivocal assertion in January from Reps. Josh Gottheimer and Mikie Sherrill of New Jersey, together with Rep. Tom Suozzi of New York. A bigger group, with 32 Democrats and Republicans, joined a bipartisan SALT caucus final yr. A few of these Democrats received their seats partially by working in opposition to the GOP’s 2017 restrict on the SALT deduction.

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