Ahead of another stimulus package to address the coronavirus pandemic, House Speaker Nancy Pelosi is reportedly considering a retroactive rollback of the state and local tax (SALT) deduction cap. The $10,000 cap went into effect in 2018 as part of President Donald Trump’s 2017 sweeping tax overhaul. A Democrat-led effort to repeal it in 2019 was unsuccessful. At the time, New York Gov. Andrew Cuomo went as far as calling the cap an act of
source https://therealdeal.com/2020/04/02/pelosi-proposes-salt-rollback-in-next-stimulus/
No comments:
Post a Comment