The Fiscal Times

House Democrats Push Surprising Tax Break for the Rich

The latest version of the Build Back Better Act, which the House could vote on a soon as this week, includes a controversial tax break that would overwhelmingly benefit high-income households, though whether it will survive revisions in the Senate is still an open question. Pushed by lawmakers from high-tax states, House Democrats are proposing to increase the state and local tax (SALT) deduction to $80,000 through 2026, up from the current level of $10,000. Doing so would provide a tax cut wort