A group of seven Democratic governors is increasing calls within the party for President Biden to repeal the Trump era limit for state and local tax deductions (SALT).
At the a letter sent to the White House on Friday, governors, including the one from New York Andrew Cuomo
Andrew CuomoNYPD’s memo tells officers not to stop New Yorkers from smoking marijuana in public. Will vaccine passports be the biggest edition of the 2022 campaign? The negotiation of the Cuomo book contract coincided with the hiding of the death toll in nursing homes, California Gavin Newsom
Gavin NewsomSuspect in the California shooting met the victims: Police Steyer says he ‘has no plans’ to run for public office again Trump Jr., Kimberly Guilfoyle to buy M house near Mar-a-Lago MORE and Phil Murphy of New Jersey, wrote that while the government “has already taken incredible steps to ease the burden of more than a year of uncertainty caused by a global pandemic,” more must be done to spur economic recovery.
“We must go further and break the limit imposed on State and Local Tax (SALT) deductions by the Trump administration through the Tax and Employment Reductions Act in 2017,” argued the governors.
The rule, which was instituted by the former President Trump
Donald TrumpWhite House says the projects are bipartisan, even if the Republican Party does not vote for them Gaetz boasted ‘access’ to women through the Florida tax collector accused in a federal case: Trump report calls for boycott of the MLB for changing the All -Star Game MORE to help offset some of your tax cuts, it limits SALT deductions to $ 10,000. Lawmakers from states with high taxation and Democratic inclinations have long since pushed the limit and pushed to reverse it.
Governors argued on Friday: “For the first time since Abraham Lincoln created the federal income tax, the limit for SALT deductions has established a double tax system, in which 11 million Americans have been forced to pay taxes on amount they paid in state, local, and property taxes, in the amount of $ 670 billion over a decade. “
“Like many of President Trump’s efforts, limiting SALT deductions was based on politics, not logic or good governance,” they said. “This attack disproportionately targeted Democratic-ruled states, raising taxes on working families.”
“At the time, this was unacceptable and simply unsustainable, given the dire economic conditions caused by the pandemic,” added the governors.
Democrats said that while “it was encouraging to hear Treasury Secretary Yellen agree to work with Congress to reduce the $ 10,000 SALT limit recently,” the Biden government and members of Congress must “continue these efforts to alleviate this immense financial burden on our residents and eliminate the SALT cover entirely. ”
The joint letter was also signed by the Govs. Ned Lamont (Connecticut), JB Pritzker (Ill.), Kate Brown
Kate BrownOregon Governor issues executive order to reopen schools Oregon Governor orders schools to reopen until April 19 Colorado Governor Jared Polis is engaged to his longtime partner Marlon Reis MORE (Ore.) And David Ige (Hawaii).
An increasing number of Democrats intend to pressure Biden to rescind the limit for SALT deductions, including members of the House who have threatened to withhold support of Biden’s $ 3 trillion infrastructure proposal if the limit is not removed.
On Tuesday, Democratic Rep. Thomas Suozzi (NY), Bill Pascrell
William (Bill) James PascrellDaily Poster founder discusses Democratic conservative strategies to influence Biden Pelosi ‘hopeful’ that Democrats can reform the SALT tax on Biden’s infrastructure project. (NJ) and Josh Gottheimer
Joshua (Josh) GottheimerDaily Poster founder discusses conservative Democratic strategies to influence Biden Pelosi ‘hopeful’ Democrats can reform the SALT tax on Biden’s infrastructure project. (NJ) issued a joint statement vowing to oppose any efforts to amend the tax code, unless the SALT deduction is restored.
Mayor Nancy Pelosi
Nancy PelosiPelosi, Schumer speaks to family of officer killed in Capitol attack Republicans say Gaetz’s days in Congress are numbered Officer killed in vehicle attack on Capitol identified MORE (D-Calif.) On Thursday express optimism on including tax code reforms in Biden’s infrastructure package, although it has stopped drawing a red line.
Pelosi said in a press call: “I hope we can include you in the account. I never give up on the hope of something like this [that] means a lot to the American people. “