Garcia Attempted To Implement ‘SALT Fairness’ Amendment To COVID Relief, Failed
Congressman Mike Garcia, R-Santa Clarita, attempted to amend the COVID Relief bill that was passed over the weekend with SALT Fairness, which would have repealed the SALT deduction cap.
Garcia introduced the State and Local Tax (SALT) Fairness amendment to the $1.9 trillion COVID-19 relief bill.
“One of my top priorities in Congress from day one has been to repeal the SALT deduction cap, which is why I have introduced an amendment to do just that,” Garcia, said. “Since the COVID-19 relief bill only puts nine percent towards actual relief, I thought this would be a chance to make this bill do what it should do, provide relief to Americans hurting as a result of COVID-19 and related lockdowns.”
If you prefer to call that enabling, I am okay with that. You do you.
Here’s a look at highlights of the package, showing each category’s approximate percentage of the total package. The information is drawn from the full text of the bill, estimates from the Congressional Budget Office, and an analysis by the nonpartisan Committee for a Responsible Federal Budget. CBO projections estimate both increased costs and decreased revenues.
STIMULUS PAYMENTS OF $1,400 (22% OF THE TOTAL PACKAGE)
Individuals who meet the following annual income thresholds would receive a one-time payment of $1,400 each: $75,000 for individuals, $112,500 for head of household, and $150,000 for married filing jointly. That will cost the federal government an estimated $422 billion.
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Congressman Mike Garcia, R-Santa Clarita, joined a bipartisan group of lawmakers in sending a letter to U.S. Secretary of State Antony Blinken and U.S.
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