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SALT Lawmakers Taking to House Floor in Push for Tax Break Bloomberg 17 hrs ago © Bloomberg Infrastructure Win Ramps Up Fight Over Economic Agenda
(Bloomberg) A rare show of bipartisan unity over tax policy unfolded Tuesday evening, with 18 lawmakers making their case on why House Speaker Nancy Pelosi should include an expansion of the state and local tax deduction in upcoming legislation.
The lawmakers, including Democrats Tom Suozzi of New York and Josh Gottheimer New Jersey as well as Republicans Michelle Steel and Young Kim, both of California, spent more than an hour Tuesday evening defending the state and local tax, or SALT, write-off on federal taxes. They detailed why the break should be expanded as part of Biden’s broader economic agenda.
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