Steve Wamhoff, an expert on taxes with the Institute on Taxation and Economic Policy, said that “the majority of benefits from repealing the SALT cap just go to the 1 percent. If BBB [the Build Back Better legislation] is amended to include that, we could be looking at a bill that cuts taxes for a lot of rich people — which is the opposite of what we’ve been led to expect.” Read more
November 3, 2021
Newsmax: Dems Consider Upping Minimum Tax on Rich in Exchange for SALT Deduction Cap
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