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SALT Deduction Relief Included in Sanders Budget Proposal (1)

June 22, 2021, 7:21 PM

Senate Budget Committee Chairman Bernie Sanders is proposing to partially revive the federal deduction for state and local taxes in an draft outline of a budget resolution designed to fast-track much of President Joe Biden’s economic agenda.

A draft of Sanders’s plans, obtained by Bloomberg, offers a side-by-side comparison of Biden’s agenda to the Vermont independent’s ideas, and includes long-standing goals for progressives on health care, prescription drugs and housing.

See the budget-comparison proposal here

The proposal doesn’t specify how the state and local tax, or SALT, write-off proposal would work. But it provides a template for how Democrats ...

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