Taxing question

A growing number of House Democrats are threatening to withhold support from President Biden’s $3 trillion infrastructure proposal over a tax provision affecting state and local taxes.

Democrats from high-tax blue states are insisting on the repeal of a rule that limits state and local tax (SALT) deductions to $10,000, which was enacted as part of the 2017 tax law signed by President Trump to help offset the cost of some of the tax cuts in the package.

  

How about we just repeal all of Trump's tax cuts for the rich?

Reps. Thomas Suozzi (N.Y.), Bill Pascrell (N.J.) and Josh Gottheimer (N.J.) on Tuesday issued a joint statement vowing to oppose any efforts to change the tax code unless the SALT deduction is restored.

The issue could prove to be a serious stumbling block for House Democrats, who can only afford three defections with their razor-thin majority and still pass legislation on their own without any GOP support.

[...]

The SALT issue is rearing its head after years of efforts eliminate the cap. In late 2019, House Democrats — joined by five Republicans — passed a bill to temporarily get rid of the SALT cap.

Its repeal was also included in House Democrats’ COVID-19 relief bill last year. Democrats pushing for the SALT cap repeal opted against drawing a red line in negotiations over the $1.9 trillion stimulus package that Biden signed into law earlier this month.

But now they’re laying down a marker as Biden prepares to unveil the first part of his infrastructure plan on Wednesday in Pittsburgh.

[...]

The plan, which will focus on physical infrastructure such as roads, bridges, ports, airports, telecommunications and manufacturing, with a heavy emphasis on tackling climate change and building out green infrastructure, is expected to cost upward of $2 trillion. Another plan focusing on “social infrastructure” such as child care and early education is expected to cost upward of $1 trillion.

White House press secretary Jen Psaki said Monday that Biden would propose ways to pay for the entirety of the physical infrastructure plan.

Again, how about we repeal all of Trump's tax cuts for the rich? For a start.

...but hey, do what you want...you will anyway.