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Sanders, Menendez Want SALT Cap Removal For Middle Class

Nov. 3, 2021, 8:19 PM

Senators Bernie Sanders and Bob Menendez jointly propose permanently repealing the cap on state and local tax deductions for middle-class Americans during a press briefing.

  • The income limit to qualify for the SALT cap repeal in the senators’ proposal would be between $400,000 and $550,000
  • NOTE: SALT Cap Raised to $72,500 in House Democrats’ Proposed Bill

To contact the reporters on this story:
Se Young Lee in Washington at vlee294@bloomberg.net;
Laura Litvan in Washington at llitvan@bloomberg.net

To contact the editor responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

© 2021 Bloomberg L.P. All rights reserved. Used with permission.