Infrastructure Package May Be Delayed By $10,000 Deduction
The new infrastructure package may be delayed by a $10,000 deduction.
Here’s what you need to know—and what it could mean for your bank account.
President Joe Biden’s new infrastructure package — a $2.3 trillion infrastructure proposal — has met some opposition from an unlikely source: House Democrats. Members of the New York Congressional Delegation aren’t upset with the new infrastructure package. Rather, they’re potentially willing to oppose the infrastructure package based on this one thing: a cap on a $10,000 tax deduction that adversely affects residents of...