RE: Biden infrastructure plan worth $2.25T - report30 Mar 2021 23:55
Watch out on some Dems throwing salt on the plans:
https://thehill.com/policy/finance/545632-democrats-have-a-growing-salt-tax-problem
'A growing number of House Democrats are threatening to withhold support from President Biden’s $3 trillion infrastructure proposal over a tax provision affecting state and local taxes.
Democrats from high-tax blue states are insisting on the repeal of a rule that limits state and local tax (SALT) deductions to $10,000, which was enacted as part of the 2017 tax law signed by President Trump to help offset the cost of some of the tax cuts in the package.
Reps. Thomas Suozzi (N.Y.), Bill Pascrell (N.J.) and Josh Gottheimer (N.J.) on Tuesday issued a joint statement vowing to oppose any efforts to change the tax code unless the SALT deduction is restored.
The issue could prove to be a serious stumbling block for House Democrats, who can only afford three defections with their razor-thin majority and still pass legislation on their own without any GOP support.
“No SALT, no deal,” Suozzi told The Hill.'