Here’s How Markets Might React If Biden Picks Lael Brainard as Fed Chair

The Fiscal Times

House Democrats Push Surprising Tax Break for the Rich

The latest version of the Build Back Better Act, which the House could vote on a soon as this week, includes a controversial tax break that would overwhelmingly benefit high-income households, though whether it will survive revisions in the Senate is still an open question. Pushed by lawmakers from high-tax states, House Democrats are proposing to increase the state and local tax (SALT) deduction to $80,000 through 2026, up from the current level of $10,000. Doing so would provide a tax cut wort