Excerpt:
Mayors in blue states are lining up with Democrats in Congress to pressure the White House into restoring a tax break that was significantly reduced by former President Trump’s tax reform.
On Wednesday, Rep. Thomas Suozzi (N.Y.) joined officials from Albany; Columbia, S.C.; Philadelphia and San Diego to call for a repeal of the rule that limits state and local tax (SALT) deductions. They are calling for President Biden’s $3 trillion infrastructure proposal to include the repeal.
“No SALT, no deal,” Suozzi said on a conference call hosted by the U.S. Conference of Mayors.
Author(s): Liz Farmer
Publication Date: 21 April 2021
Publication Site: Forbes