Op-ed by Richard Reeves and Christopher Pulliam, includes “… Why on earth, then, are Democrats fighting — and fighting hard — for a $137 billion tax cut for the richest Americans? Mr. Biden, Nancy Pelosi and Charles Schumer don’t agree on everything, but on this specific issue they speak with one voice: the $10,000 cap on deductions for state and local tax (better known as the SALT deduction) must go. … Rather than repealing the cap, the deduction should be removed altogether. Even with the cap in place, it is still highly regressive …”
Read the full article on: The New York Times