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Congressional Democrats floated fresh proposals on how to increase the federal deduction on state and local taxes, but House and Senate lawmakers were at odds over whether the very rich should be allowed to take the tax break.
Democrats have found new urgency to pass the roughly $1.75 trillion tax and spending plan as well as an infrastructure bill with $550 billion in new spending after being stung by a Republican sweep of statewide races in Virginia.
There's no denying that. so this game that's played of we're not going to tax middle-class americans and make sure the 1% pay their fair share, that's not what the salt deduction is all about. they'll have hypocrisy to deal be. i don't know how they thread that needle. i hope they figure out a solution. >> let me ask you on the broader question of the message from the elections on tuesday. i wanted to play for you what joe biden said when he was asked about what the message was from the election, specifically the democratic loss in virginia. listen to this. >> people are upset and uncertain ab...
Down, like a couple moderates but they are an overwhelming minority in this party who believe that things just need to get done and they need to stop talking about it, steph. >> eugene, the president, i mentioned it, went to democrats a week ago and said he had a framework everyone could get behind and now we've got democrats adding things. they've put back paid leave, put the s.a.l.t. deduction in, immigration proposal, all of this is now back in the bill so why wasn't the president's framework the final word? >> yeah, i mean, he also said and the white house said over and over last week that...
Taxpayers can deduct up to $10,000 of their state and local taxes on their federal income tax.