A group of seven Democratic governors is calling within the party to urge President Biden to abolish the Trump-era cap. State and local tax (SALT) deductions.
in A letter to the White House On Friday, the governors including New York Andrew CuomoA memo from the New York Police Department (Andrew Cuomo) tells the police not to stop New Yorkers from smoking marijuana vaccine passports in public places. Will passports become the biggest campaign in 2022? Cuomo book deal negotiations overlap with hidden nursing home deaths: report more, California Gavin NewsomThe suspect in the California shooting of Gavin Newsom knew the victim: Police Steele said he had “no plan” to run for office again Trump Kimberly Gilfoy (Kimberly Jr.) Guilfoyle) bought M house near Mar-a-Lago More Phil Murphy of New Jersey wrote that although the government “has taken incredible steps to reduce the burden of uncertainty for more than a year caused by the global pandemic,” more must be done. Work to promote economic recovery.
The governor argued: “We must go further and remove the restrictions on state and local tax (SALT) deductions passed by the Trump administration through the 2017 Tax Cuts and Employment Act.”
The rule is made by the former President TrumpDonald Trump White House said that even if the Republican Party does not vote for it, the bill is bipartisan To help offset some of his tax cuts, the SALT deduction must not exceed $10,000. Legislators from high-tax, democratic states have long overturned the cap and pushed to reverse it.
On Friday, the governors argued: “Since Abraham Lincoln (Abraham Lincoln) created the federal income tax, the upper limit of SALT deductions established a double taxation system for the first time, in which 11 million Americans were forced to pay taxes on local taxes. And property taxes, totaling $670 billion in ten years.”
They asserted: “Like President Trump’s many efforts, limiting the upper limit of SALT deductions is based on politics, not logic or good government.” “This attack disproportionately targeted Democratic-controlled countries and increased Taxes for hardworking families.”
The governor added: “It was unacceptable at the time, and considering the severe economic conditions caused by the pandemic, it was simply untenable.”
The Democrats said that while “encouraged to hear that Secretary of the Treasury Yellen agreed to work with Congress to reduce the $10,000 cap on SALT,” the Biden administration and members of Congress must “continue these efforts to reduce the huge financial burden on our residents and cancel them completely SALT upper limit.”
The joint letter is also signed by the government. Ned Lamont (Connecticut), JB Pritzker (Illinois), Kate BrownKate Brown, Governor of Oregon issued an executive order to reopen the school. The Governor of Oregon ordered the school to reopen until April 19th. Colorado Governor Jared Polis and long-term partner Marlon Reis are engaged more (Ore) and David Ige (Hawaii).
More and more Democrats intend to put pressure on Biden to remove the cap on SALT deductions, including Threatened to detain If the restriction is not lifted, it will be supported by Biden’s $3 trillion infrastructure proposal.
On Tuesday, Democratic Representative Thomas Suozzi (NY), Bill PascrellWilliam Bill (James Pascrell) William Bill (Daniel Pascrell) (NJ) and Josh GottheimerJosh Gottheimer, founder of the Daily Poster The State of New Jersey (NJ) issued a joint statement vowing to oppose any effort to change tax laws unless the SALT deduction is changed.
Speaker of the House of Representatives Nancy PelosiNancy Pelosi, Schumer talked to the families of officers who were killed in the Capitol attack. The Republicans quietly said that Gates’ days in Congress were numbered as being in a vehicle attack on the Capitol. Killed officers and soldiers. (D-Calif.) Thursday Express optimism Although she did not draw a red line, she still included tax law reforms in Biden’s infrastructure package.
Pelosi said at the press conference: “I hope we can put it to a vote. I will never hope for such a thing. [that] It means a lot to the American people. “