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House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.
September 14 -
Lawmakers are seeking to extend the recently expanded tax break through 2025, endorsing a key component of the president’s social safety net plan.
September 13 -
Two senior Democratic senators proposed the tax in an effort to boost investment and reduce what they termed 'tax avoidance.'
September 10 -
The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.
September 10 -
The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy.
September 9 -
Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan.
September 8 -
Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.
September 3 -
Key legislators are at odds over how high to increase levies on investment gains.
September 1 -
The lack of tax information from major platforms isn’t a technological limitation. It’s a design decision.
August 26 -
The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats.
August 24