NYTIMES.COM 3/30/20
Pelosi Floats New Stimulus Plan: Rolling Back SALT Cap
A proposal to retroactively lift a limit on state and local tax deductions would largely funnel money to relatively high earners in high-tax state.
“We could reverse that for 2018 and 2019 so that people could refile their taxes” and receive more money back from the government, Ms. Pelosi said in the interview. “They’d have more disposable income, which is the lifeblood of our economy, a consumer economy that we are.”
In the 2018 midterm elections, Democrats wielded the SALT limits in House campaigns against Republicans in wealthy blue-state suburbs of cities like New York, Los Angeles and Chicago. Democrats voted last year to repeal the cap, but the effort died in the Republican-controlled Senate
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Here is the harsh truth.....at this point in time, EVERYTHING IS 52 CARD P U.....no one knows
what to do....the fourth turning is settling into place.
