I have something the Demoncrats can swallow!!!!


"The sneaky tax move Democrats are planning
Democrats swallowed the tax cuts for businesses and high earners that President Trump and his fellow Republicans passed unilaterally in 2017. They may even have tacitly supported reforms such as the elimination of the unpopular alternative minimum tax.
But Democrats loathed the new limit on state and local tax deductions Republicans passed as part of the Tax Cuts and Jobs Act. The so-called SALT deduction used to have no limit, but the TCJA capped it at $10,000. Deducting state and local taxes from your federal income tax bill has more value in states and cities with higher taxes, which is why it disproportionately hit taxpayers in Democratic strongholds such as the east and west coasts—as Republicans were fully aware. Ever since the $10,000 SALT limit passed, some Democrats have vowed to repeal it.
They now have their chance. With Democrats in slim control of both houses of Congress, some form of repeal of the SALT deduction cap seems likely. But Democrats want to draw as little attention to this move as possible. While affecting blue states more than red, the $10,000 SALT cap is also a de facto tax hike on wealthy Americans. Repealing or curtailing it would benefit the wealthy with little or no benefit for the working- and middle-class Americans Democrats say they truly want to help."

https://www.aol.com/finance/sn....eaky-tax-move-democr