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HILL TAX BRIEFING: Busy December Ahead for Returning Lawmakers

Nov. 29, 2021, 11:03 AM

The House and the Senate are back in session this week after the Thanksgiving break, returning to face what is shaping up to be one of the busiest months on the legislative calendar in recent memory.

A House-passed, tax-and-spend package is in the Senate’s hands, with many provisions expected to change.

Senate Budget Chairman Bernie Sanders (I-Vt.) has been working on an alternative SALT cap plan that would allow some people an unlimited deduction for state and local tax payments, while subjecting wealthier people to the current $10,000 cap. The House-passed legislation would temporarily raise the cap for everyone ...

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