Behind the scenes, congressional Democrats’ main priority is bringing back a big tax loophole for rich people in high-tax blue states: their donors.
House Speaker Nancy Pelosi, D-Calif., has political priorities. During negotiations over the three Wuhan coronavirus stimulus bills, Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., tried to include loans for abortion providers, as well as a bailout of the Obamacare exchanges that would end up funding abortion.
That led to some bad PR for Pelosi, but the House speaker may be a glutton for punishment. If there’s one thing Democrats are beholden to more than the abortion lobby, it’s the rich people in blue states who fund their campaigns.
How’s this? Pelosi just told reporters that one of her top priorities for a fourth stimulus bill — which may or may not be passed, since Congress has already passed three bills and spent more than $2 trillion — is a removal of the current cap on the state and local tax deduction, or SALT.
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