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Pelosi opens door to lifting SALT tax cap in Biden's $2.25T spending bill Repealing the cap on SALT tax deductions would disproportionately benefit wealthy Americans


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Pelosi opens door to lifting SALT tax cap in Biden's $2.25T spending bill

 

Eliminating the SALT deduction cap would require Democrats to vote for a policy that disproportionately benefits wealthy Americans living in blue states. Households earning at least seven figures a year would receive the majority of the benefits, according to the Joint Committee on Taxation.

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