Bloomberg Tax
April 15, 2021, 8:49 PM

Ocasio-Cortez Criticizes SALT Cap Repeal Effort: Stimulus Update

Steven T. Dennis
Steven T. Dennis
Bloomberg News

Representative Alexandria Ocasio-Cortez criticized calls by a group of House members to repeal the $10,000 cap on deductions for state and local taxes, saying it would be a “giveaway to the rich.” Senate Finance Committee Chairman Ron Wyden separately said it’s “unreasonable” for Republicans to demand that corporations should not pay for roads, bridges and port upgrades.

Meantime, a group of Republican senators said they’ll prepare a counteroffer to President Joe Biden’s $2.25 trillion infrastructure-and-tax plan, without indicating its size or how they’d pay for it. Senator Chris Coons, a key Biden ally, said he’s talking with GOP ...

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