Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: AOC calls SALT deduction a 'gift to billionaires,' opposes effort to hold up infrastructure bill [View all]DFW
(54,370 posts)15. There are less than 700 billionaires in the USA
Lifting the cap would help out middle class people in high tax blue states (funny how people like to live in states where Democrats are in the majority), so, what? Thirty million families? Forty million?
They need to get squeezed so we can show how we socked it to a few hundred rich people? Just whom are we trying to impress here?
Edit history
Please sign in to view edit histories.
33 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
AOC calls SALT deduction a 'gift to billionaires,' opposes effort to hold up infrastructure bill [View all]
Yo_Mama_Been_Loggin
Apr 2021
OP
Removing the cap is a gift to billionaires. Maybe raise but definitely do not remove it.
LonePirate
Apr 2021
#1
I am nowhere close to a billionaire, millionaire or any other aire. I am a middle class homeowner
Dream Girl
Apr 2021
#16
Bingo! That cap hurt us (also in Connecticut) quite a bit. And forget it if you have even....
George II
Apr 2021
#8
Also in California. Gee, one has to wonder if they were targeting blue states who are hurt the most
JohnSJ
Apr 2021
#17
Not if you are single and your annual mortgage interest is more than 12k a year.
aquamarina
Apr 2021
#5
No, doubling the standard deduction (actually it only went up 80%, not 100%) affected more than....
George II
Apr 2021
#6
That didn't do nearly enough to take care of the problem in high tax states. n/t
pnwmom
Apr 2021
#12
Agree. I'm certainly not wealthy, but I have high interest payments and high property taxes.
Lonestarblue
Apr 2021
#13
Lifting the cap benefits middle class families in higher tax state....like New York
RandySF
Apr 2021
#14
They get the word "billionaire" hammered into their heads and think there's a huge group....
George II
Apr 2021
#26
we are not rich. this hurt us. Trump fucked us over to hurt blue state voters
ZonkerHarris
Apr 2021
#23
By that measure, you shouldn't be able to deduct mortgages or property taxes...
brooklynite
Apr 2021
#30
So, to meet the revenue needs of the Biden infrastructure plan, you and I should pay the same rate?
brooklynite
Apr 2021
#32