November 3, 2021

Washington Post: Democrats look at expanding minimum tax on wealthy in exchange for state and local tax break

media mention

“The majority of benefits from repealing the SALT cap just go to the 1 percent,” said Steve Wamhoff, a tax expert at the Institute on Taxation and Economic Policy. “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