SALT Cap Revolt Led by N.Y. Democrats Snarls Biden Spending Plan

April 20, 2021, 3:36 PM

President Donald Trump’s 2017 tax law disproportionately targeted Democrats in high-tax states by eliminating a popular federal deduction. Now Trump’s legislative triumph has put President Joe Biden in a bind.

Newly released Internal Revenue Service data show the politically lopsided impact of the $10,000 cap on deducting state and local taxes, or SALT -- and why Democrats from the hardest-hit SALT states may be willing to cost Biden the crucial victory of passing his $2.25 trillion infrastructure and social services plan if he continues to insist on keeping Trump’s cap in place.

In some New York congressional districts, the ...

To read the full article log in. To learn more about a subscription click here.