Politics

‘No SALT no deal’: Democrats vow to block Build Back Better bill without tax break

By Jarrett Renshaw, Reuters Posted on
2022-01-21T173605Z_1_LYNXMPEI0K0YY_RTROPTP_4_USA-BIDEN-1200×800-1

Several U.S. House members from President Joe Biden’s Democratic Party are threatening to block a renewed push for his Build Back Better spending bill if it does not include the expansion of a federal deduction for taxes paid to states and local entities.

Expanding the deduction, known as SALT for State and Local Taxes, has been a demand of lawmakers in higher-tax states such as California, New Jersey and New York, especially in suburbs where Democrats seek to retain control in Nov. 8 elections.

See the full article at amNewYork

‘No SALT no deal’: Democrats vow to block Build Back Better bill without tax break

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