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Nancy Pelosi's idea to retroactively lift the limit on state and local tax deductions would be almost useless for people who need the most help

1 month ago   |   By Business Insider

Pelosi is calling for another economic relief package to get more equipment for embattled healthcare workers, as well as relief for households.
The House speaker said one measure under consideration is retroactively repealing the SALT cap, which puts a $10,000 limit on the amount of state and local tax deductions that households can claim each year on their tax bill.
But that measure would disproportionately benefit richer households, and leave out the vast majority of middle-class ones from getting any money.
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