Pelosi hopes to offer SALT relief in infrastructure package

Pelosi hopes to offer SALT relief in infrastructure package

2nd April 2021 Off By adpublisher

House Speaker Nancy Pelosi said Thursday she hopes that Democrats can ease the current cap on state and local tax deductions as part of a larger infrastructure package.

Several House Democrats from New York and New Jersey say they wouldn’t back any other tax changes unless the state and local tax cap is repealed. Republicans put a $10,000 limit on state and local deductions in their 2017 tax law, H.R. 1 (115), a move that particularly hurt those states and Pelosi’s home base of California.

“I’m sympathetic to their position,” Pelosi said during a briefing with reporters, later adding: “Hopefully, we can get it into the bill.”