Rep. Tom Malinowski (D-NJ) will support the reconciliation bill pushed by Senate Democrats that does not eliminate the cap on the state and local tax deduction (SALT), despite previously saying he would not support any reconciliation bill that does not remove the cap.
Democrats say cutting hundreds of billions of dollars in taxes for mostly wealthy income-earners in coastal states is “essential” to getting reelected in this year’s midterm elections.
While former President Trump grew the wages of working and middle class Americans, President Joe Biden is looking to provide billions in tax cuts to wealthy Democrat Party donors, a former adviser to Trump tells Breitbart News.
The bottom three-fifths of Americans by income would receive no benefit whatsoever.
“Two out of three millionaires get a big tax cut” if the Biden administration’s Build Back Better plan is enacted, Rep. Kevin Brady (R-TX) said.
Even the far-left Washington Post has been forced to admit that His Fraudulency Joe Biden’s $1.75 trillion Build Back Better (BBB) boondoggle benefits millionaires and billionaires more than anyone else.
President Joe Biden’s “Build Back Better Act,” a filibuster-proof $1.75 trillion budget reconciliation package, gives $625 billion in tax cuts to the nation’s wealthiest blue state residents.
President Joe Biden will likely eliminate a proposal to raise the state and local tax deduction (SALT) deduction in the Demcorats’ infrastructure bill, according to a report Wednesday.
The Democrats’ $3.5 trillion infrastructure bill would break President Joe Biden’s pledge not to increase taxes on working-class Americans.
Rep. Thomas Suozzi (D-NY) said Tuesday that he would not support the $3.5 trillion infrastructure bill if Democrats would not increase the deduction for the state and local tax (SALT), which primarily benefits wealthy, Democrat states.
Democrats are beginning to fight with themselves over Transportation Secretary Pete Buttigieg’s $2.5 trillion “infrastructure” plan.
The majority of the California Congressional Caucus sent a letter Thursday to President Joe Biden to urge the President to repeal the State and Local Tax (SALT) Cap limitations President Donald Trump signed into law.
Rep. Alexandria Ocasio-Cortez (D-NY) said Thursday she disagrees with the group of New York Democrats who sent a letter to House leadership saying they may “vote to oppose” any tax legislation without a full repeal of State and Local Tax (SALT) Cap limitations.
A Majority of New York Congressional Democrats sent a letter to House Speaker Nancy Pelosi (D-CA) and Majority Leader Steny Hoyer (D-MD), saying they vote to oppose “any tax legislation; that does not include a full repeal of the SALT limitations.”
During a Thursday interview with Fox Business Network’s “Mornings with Maria,” Rep. Debbie Dingell (D-MI) sounded off on President Joe Biden’s $2 trillion infrastructure plan, which would come with raised corporate taxes.
Democrats are again considering legislation to provide their wealthy blue state donors with billions by ending the cap on a tax deduction.
Rep. Brendan Boyle (D-PA) claimed on Tuesday during the Democrat National Convention (DNC) that President Donald Trump’s Tax Cuts and Jobs Act only benefitted the rich and wealthy corporations.
Senate Minority Leader Chuck Schumer (D-NY) is pushing for a repeal of the state and local tax (SALT) deduction cap in the next round of coronavirus relief — giving a tax cut to the wealthiest 1% of taxpayers, especially in “blue” states.
House Democrats’ Chinese coronavirus relief package bails out coastal millionaires and billionaires while ensuring big businesses are able to freely hire illegal aliens and visa overstayers over unemployed Americans.
Speaker of the House Nancy Pelosi (D-CA) is proposing a two-year moratorium on a tax deduction enjoyed primarily by rich people in Democrat-run states — a deduction that President Donald Trump limited strictly in his 2017 tax reform law.
A key provision of the Trump tax cuts has survived a challenge from high tax Blue States that claimed they were unfairly targeted.
