Infrastructure Package May Be Delayed By $10,000 Deduction

Posted on AllSides May 3rd, 2021
From The Center

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...

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