Sen. Bernie Sanders, I-Vt., who chairs the Senate Budget Committee, is flatly opposed to removing former President Donald Trump’s cap on what’s known as the SALT deduction on state and local taxes, saying lifting it would send a “terrible” message.
In an interview with Axios, Sanders was asked about what’s been called the “a tax break for rich people in blue states.”
Trump put a $10,000 cap in place, but now Senate Majority Leader Charles Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., are supporting calls for restoring the deduction.