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April 5, 2021

Governors call on Biden to lift $10,000 cap on tax deductions

By SUSAN HAIGH
Associated Press

Seven Democratic governors on Friday called on President Joe Biden to lift the $10,000 cap on state and local tax deductions that was a part of former President Donald Trump's massive 2017 tax law, arguing the “assault” disproportionately targeted Democratic-run states and ultimately increased taxes on families.

The letter comes a little more than a week after U.S. Treasury Secretary Janet Yellen agreed to work with Congress on a way to remedy the “inequities” the cap has caused.


 
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