Two House Democrats Vow To Oppose Biden Tax Plan Without Concession
- Date: 30-Mar-2021
- Source: Forbes
- Sector:Economy
- Country:Middle East
Two House Democrats Vow To Oppose Biden Tax Plan Without Concession
Share to Linkedin Two House Democrats are threatening to stymie President Joe Biden's attempt at a massive infrastructure plan, vowing to vote against any tax increases put forward by the administration that doesn't include a repeal of the state and local tax deduction cap. WASHINGTON, DC - DECEMBER 21: Rep. Tom Suozzi (D-NY) speaks at the podium standing with members of ... [+] the Problem Solvers Caucus to praise the forthcoming passage of the bipartisan emergency COVID-19 relief bill in a press conference outside the US Capitol on December 21, 2020 in Washington, DC. The bipartisan group took credit for leading the negotiations that led to a deal that will include direct payments, extended unemployment benefits and small business loans. (Photo by Cheriss May/Getty Images) Rep. Tom Suozzi (D-N. Y.), a moderate who represents mostly suburban areas of Long Island and Queens, said in a statement he is "not going to support any change in the tax code" without a "restoration" of the SALT deduction. Suozzi said the cap has been a "body blow" to residents of his state and "middle-class families in New York," blaming it for a population exodus from New York to lower-tax states and arguing "families