Ocasio-Cortez Criticizes SALT Cap Repeal Effort: Stimulus Update Bloomberg 9 hrs ago Bloomberg News
(Bloomberg) Representative Alexandria Ocasio-Cortez criticized calls by a group of House members to repeal the $10,000 cap on deductions for state and local taxes, saying it would be a “giveaway to the rich.” Senate Finance Committee Chairman Ron Wyden separately said it’s “unreasonable” for Republicans to demand that corporations should not pay for roads, bridges and port upgrades.
Meantime, a group of Republican senators said they’ll prepare a counteroffer to President Joe Biden’s $2.25 trillion infrastructure-and-tax plan, without indicating its size or how they’d pay for it. Senator Chris Coons, a key Biden ally, said he’s talking with GOP counterparts about potentially splitting off a bipartisan package of measures from the giant program the White House has pitched.