Democrats have agonized for months over the place to search out cash for his or her blowout tax and spending invoice, so it’s price listening to the revenues they explicitly forgo. The invoice presents tax breaks for key progressive constituencies, and one which has acquired little consideration is a giant reward to Large Labor.
The invoice the Home handed would enable union members to deduct as much as $250 of dues from their tax payments. The deduction is “above the road,” which means filers can exclude the price of dues from their gross earnings. In different phrases, union dues would get the identical remedy now reserved for issues like insurance coverage premiums and retirement contributions. The deduction would final by 2025. The Joint Committee on Taxation estimates its price at $1.8 billion.