SALT-Expansion Dreams Die as Biden Tax Bill Heads to House (1)
By Laura Davison
Aug. 8, 2022, 6:09 PM
The House Democrats who had threatened to block President Joe Biden’s tax and climate plan unless it also expanded the deduction for state and local taxes are now signaling they’ll back the legislation when it comes up for a vote later this week.
Representatives Josh Gottheimer, Tom Suozzi and Mikie Sherrill, who have led efforts for months to include an increase to the $10,000 cap on deductions for state and local tax, or SALT, said they will vote for the tax and climate bill passed by the Senate on Sunday even though it doesn’t address the write-off. ...