Wednesday, May 26, 2021

Unresolvable fight over tax base

Nancy Pelosi privately opposes repeal of SALT deduction cap

Privately, however, sources said she’s whispering to cohorts that she has no intention of changing the SALT cap on high earners. Instead, she’s willing to marginally raise the SALT cap for households making less than $400,000. She has no intention of providing relief for anyone above that threshold, according to a well-placed source.
She is a lying about her true intent.

And the tax refusniks have won. The problem? There is not enough tax base to share with the large states and the Swamp.

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