The House’s Build Back Better plan is inflaming debate among Senate Democrats over lifting the cap on state and local tax deductions to $80,000—which would give many wealthy households a net tax cut
$2 trillion education, healthcare and climate package
has inflamed an intraparty debate about whether the bill gives overly-generous tax benefits to high-income Americans. At the center of the dispute is the House plan to raise the $10,000 cap on the deduction for state and local taxes to $80,000 through 2030. A small but committed group of lawmakers from high-tax states like New York and New Jersey have for years insisted on
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