The Harvard man and Alpha Epsilon Pi brother is a member of the so-called "SALT caucus," a group of congressfolk threatening to hold up Joe Biden's infrastructure bill if it doesn't include a full repeal of a Donald Trump-imposed $10,000 cap on deductions of state and local taxes.
Pressure on Biden to repeal the SALT cap has been amping up, mainly from tri-state Democrats like Gottheimer, fellow New Jerseyan Bill Pascrell, and Tom Suozzi of New York.
The SALT cap didn't so much go after "Democrats" as "Affluent Democrats." It only applied to people who itemize their taxes, which meant the 90% of Americans who take the standard deduction were unaffected.
Overall, 39 of the 40 districts most affected by the SALT cap were represented by Democrats.
Almost universally, Democrats united behind a repeal, arguing with a straight face the SALT cap did not benefit the affluent, but "Families," the "Middle class," and "Working people."
Since Biden's win, the SALT warriors redoubled efforts for repeal, with the impressively shameless Suozzi denouncing the cap as an "Existential" problem and a "Body blow to New York and middle-class families throughout the country." Other caucus members similarly went all-out in describing a repeal of the SALT cap as something like the second coming of the Tennessee Valley Authority.
"SALT Tax Increase That Burned Blue States is Targeted by Democrats," read an effort from 2019, noting the party's effort to restore a "Popular tax break." The Times later went with "Pelosi Floats New Stimulus Plan: Rolling Back SALT Cap.".
https://taibbi.substack.com/p/the-heroic-congressional-fight-to
No comments:
Post a Comment