On Senate Floor, Sen. Portman Questions Why Democrats Are Focused on Providing Tax Benefits to the Wealthy
December 07, 2021
December 07, 2021
WASHINGTON, Dec. 7 -- Sen. Rob Portman, R-Ohio, issued the following news release:
U.S. Senator Rob Portman (R-OH) delivered remarks outlining his concerns with the State and Local Tax (SALT) deduction provision in Democrats' massive tax and spending proposal. In the House-passed reconciliation package, the $10,000 cap on SALT implemented in the 2017 tax reforms is raised to $80,000, creating a tax break that almost entirely benefits only wealthy Americans. Portman noted that t . . .
U.S. Senator Rob Portman (R-OH) delivered remarks outlining his concerns with the State and Local Tax (SALT) deduction provision in Democrats' massive tax and spending proposal. In the House-passed reconciliation package, the $10,000 cap on SALT implemented in the 2017 tax reforms is raised to $80,000, creating a tax break that almost entirely benefits only wealthy Americans. Portman noted that t . . .