The article discusses US Senator Chuck Schumer’s pledge to help wealthy blue state residents pay less in taxes by repealing the SALT (State and Local Tax) cap. Schumer, along with other Democratic senators, plans to include the repeal in the infrastructure bill. The SALT cap, which was introduced under President Trump’s 2017 Tax Cut and Jobs Act, limits the amount of state and local taxes that can be deducted from federal income tax to $10,000. The Democrats’ proposal to increase or remove this cap would primarily benefit wealthier taxpayers.
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