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Mohamed Mohamoud

Author and the owner of idman news

October 16, 2021

Idman news

Wararka Jaraaidyada Soomaalida ay qoreen

‘Real risk’ for banks that Democrats use new reporting rule to fund SALT relief, analyst says

As some Democratic lawmakers from high-tax states keep pushing for their party’s $3.5 trillion spending plan to include what’s been called SALT relief, one problem has been the cost of such relief.

But Washington may end up with a solution — using a new reporting rule for banks to cover the cost of easing a $10,000 cap on deductions from federal income tax for state and local taxes that was put in place by Republicans’ big 2017 overhaul.



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Lasoco xaaladda EAST AFRICAN COUNTRIES ugu danbaysay ee Xanuunka CORONAVIRUS .