Biden's tax cut for the wealthy ain't "inadvertent"!-----Part 2--EDITORIAL: Joe Biden and the magic money nightmare - The Spectator World

EDITORIAL: Joe Biden and the magic money nightmare - The Spectator World

"...Biden is under serious pressure to raise, or abolish altogether, the cap on how much state and local tax (SALT) taxpayers can deduct from their federal tax bills. Under Trump’s Tax Cuts and Jobs Act of 2017, this was limited to $10,000. 

Democrats hate the SALT cap because it discriminates against taxpayers who live in high-tax states like New York. 

But if the SALT cap were eliminated altogether, estimates the Joint Committee on Taxation, it could cost the federal government $88.7 billion in revenue, with the rich benefiting most. 

How ironic that Biden could scupper his own spending plans through an inadvertent tax cut for the wealthy...Read all.