Pelosi sneaks SALT tax cut for the wealthy into Democratic stimulus bill
by Tiana Lowe
| May 12, 2020 02:35 PM
Amid government orders shutting down employment, more than 30 million people in the United States have lost their jobs. Entire industries are months, if not weeks, away from permanent collapse. Disproportionately hurt are low-income workers, more than half of whom report having someone in their household lose a job or take a pay cut as a result of the coronavirus. Nearly 2 in 5 lower-income earners say someone in their household has lost a job outright, and fewer than 1 in 4 have at least a three-month rainy day fund.
In evaluating our spending and reopening measures, these are the workers and families we must prioritize. After all, higher-income earners are the ones who can disproportionately work from home and already have ample savings. Yet House Speaker Nancy Pelosi has prioritized giving the wealthy a tax cut in the form of a temporary elimination of the state and local tax deduction cap.
https://www.washingtonexaminer.com/opinion/pelosi-sneaks-salt-tax-cut-for-the-wealthy-into-democratic-stimulus-bill
