Biden’s tax plan collides with GOP, SALT rebels
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
President Joe Biden is poised to unveil a plan that would raise taxes on the income, investments and estates of the wealthiest Americans to levels not seen in more than four decades, a move that will trigger intense debate in Congress about whether and how to address income inequality.
Biden’s
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