Representative Tom Malinowski (D-NJ) Says Senate Democrats Will Support Reconciliation Act That Doesn’t Remove Limits on State and Local Tax Credits (SALT), Won’t Support a Reconciliation Act That Doesn’t Override the Limit.
Introduced this week by Democratic Senate Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV), the 2022 Inflation Reduction Act aims to reduce the federal budget deficit by $300 billion through tax increases and $433 billion spent on climate policy. . change” and Obamacare.
With the Senate evenly divided, Democrats need every vote they can get to ensure the bill survives. Manchin’s support was important because he eventually vetoed the Democrat’s original Better Recovery Bill for fear it would increase inflation.
A Representative during negotiations on the “Build Better” program. Malinowski addressed some blue-collar government representatives who said they would not support any bill without an increase in SALT.
“No salt, no deal” – Malinowski. aforementioned in previous negotiations
According to Breitbart News:
President Donald Trump and Republicans in Congress have limited the SALT cut to pay for the Trump Tax Cuts and Jobs Act. The SALT discount mostly benefits rich blue states like New York, New Jersey, and California.
said the representative. Tom Suozzi (DN) has announced that he will not support any bills without removing the SALT deduction cap.
Despite their earlier promises, both Malinowski and Suozzi appear ready to support the Democrats’ latest compromise bill.
Bloomberg Congressional Correspondent Eric Wasson aforementioned Two federal lawmakers “line up to support the Senate agreement even though the SALT restriction has not been lifted.”
SALT: @Malinovsky Moreover @RepTomSuozzi Despite the fact that the SALT restriction was not lifted, he queued up in the Senate to support the agreement.
– Eric Wasson (@elwasson) 28 July 2022
But Democrats in Congress, New Jersey Senator Bob Menendez (D) and Rep. Josh Gottheimer (D) may derail the bill for not removing the SALT restriction.
“I need to understand the impact this has on families in my area,” Gottheimer said. Said. politics. “It’s hard to say until we see the details.”
Menendez referred to Manchin’s fatal choice to perform Build Back Better and said he “could be Joe Manchin”.
“Anyone can be Joe Manchin,” he said. aforementioned. “Now I can be Joe Manchin.”
More Menendez:
“Anyone can be Joe Manchin. Now I can be Joe Manchin.” https://t.co/K6A3tlcXyh
— Andy Duehren (@aduehren) 28 July 2022
Source: Breitbart
