Schumer Angles to Bring Back Full SALT Deduction

CNBC: “Leaders of the finance industry and other businesses in New York are pushing President Joe Biden and Senate Majority Leader Chuck Schumer, who represents the state, to bring back the full state and local tax deduction.”

“Schumer signaled as recently as Friday that he plans to bring up the return of the full deduction when negotiations begin over reforming the tax code as a means to pay for Biden’s next initiatives, including rebuilding the nation’s infrastructure.”