Democrats Get Clout Needed for Risky Bid to End Trump’s SALT Cap Bloomberg 1/8/2021 Laura Davison and Kaustuv Basu
(Bloomberg) Democrats will soon have the balance of power required to repeal President Donald Trump’s limitation on a prized tax deduction, but doing so will likely require a tricky procedural process and a politically fraught vote.
There are few issues that have riled certain segments of the Democratic Party more than Trump’s cap on write-offs of state and local tax, or SALT. Repealing it, however, would require Democrats to vote for something widely seen as a tax cut for the rich at the same time the party is proposing tax increases to make the Internal Revenue Service code more progressive.
Progressives face headwinds in drive for tax hikes
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Gratuitously cruel : Outrage as GOP tries to prevent people on unemployment from also receiving stimulus check – Raw Story
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GOP Push to Keep Stimulus Check From People on Unemployment Draws Outrage
Sen. John Thune talks to reporters in the Mansfield Room at the U.S. Capitol on December 1, 2020, in Washington, D.C.
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Republican negotiators in Congress are reportedly trying to prevent Americans currently receiving federal unemployment insurance from also getting a direct payment under a soon-to-be-finalized relief package, apparently outraged by the notion that millions of people struggling to afford healthcare, food, and rent could obtain aid on top of their inadequate weekly jobless benefits.
As congressional leaders on Wednesday made significant progress toward a deal that would include one-time direct payments of around $600 per person, Senate Majority Whip John Thune (R-S.D.) told reporters that “there could be language in the deal aimed at addressing concerns that people who receive both enhanced unemployment benefits and stimulus checks would be getting a ‘