Subscribe

Foes of SALT cap threaten Biden tax plan

Three House Democrats say they won't support the tax hikes needed to support the administration's infrastructure proposal unless the plan repeals the cap on state and local tax deductions.

Three House Democrats say they won’t support any of President Joe Biden’s tax hikes to fund his infrastructure proposal unless the plan includes a repeal of the $10,000 cap on state and local tax deductions, making them just one vote shy of the number needed to block the president’s tax plan i

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Ether ETF aspirants take the starting blocks ahead of anticipated July approval

Earlier whispers of a fourth-of-July greenlight now look premature as the SEC gives applicants a new deadline.

Hints of jobs slowdown put Fed on the alert

Hints of impending weakness in the labor market add to the central bank's list of risks to manage.

Wall Street weighs impact on bonds if Trump wins

Strategists urge investors to hedge against inflation.

More American homeowners locked into mortgage rates above 5%

Older loans at lower rates are being replaced by costlier borrowing.

Take profits on five-year Treasuries now says JPMorgan

Selling pressures are elevated due to multiple risk events.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print