PARTY OF THE RICH: House Democrats Plan To Pass Huge Tax Break for Wealthy Homeowners. It’s actually a federal subsidy for Democrat-run political machines in high-tax blue states. “Democrats are trying to sell the repeal of the SALT caps as a middle-class tax break, but historical evidence shows that it almost exclusively benefits high-earning homeowners who live in parts of the country where you must pay high taxes. . . . Reducing Americans’ tax obligations is always welcome, of course, but the plan to lift and repeal the SALT deduction cap is still questionable policy at best—a proposal that shifts the tax burden to middle- and lower-class Americans and adds to the budget deficit.”