House Democrats Add Paid Leave, State-and-Local Tax Deduction to Bill - WSJ

The House plan would raise the $10,000 cap on the state and local deduction to $72,500

Hooo eeee! Nice to see the Democratic Party delivering urgently needed tax relief to the ultra-wealthy!

But other Democrats have criticized efforts to repeal or lift the cap, arguing that it will primarily benefit the wealthy.

What? That’s crazy! Don’t hard working average Americans pay their State and local governments $72,500 a year in taxes?

For instance, the bill would create a new tax credit for companies that employ local news journalists, expand a tax break for employers that pay for child care and allow deductions for union dues and employee uniforms.

And free ice cream for all!

Democrats restricted a proposed tax credit for plug-in electric vehicles. Earlier versions of the legislation had allowed the full credit for married couples making up to $800,000; that is now reduced to $500,000.

Finally, some fiscal responsibility.