Member Marc Gerson, former majority tax counsel to the U.S. House of Representatives Committee on Ways and Means, commented on the prospects for specific tax changes in President Biden's Build Back Better Act. "We're in a bit of a holding  pattern," Gerson said. The $3.5 trillion cost of the reconciliation bill may need to be lowered to meet the demands of moderates like Senator Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ), whose support will be crucial in the Senate. "Until then, it's difficult to determine what the underlying spending priorities will be and the associated tax offsets will be." Gerson also said "during this period there will be things considered for additions and for subtractions. The main thing for addition will be some form of relief on SALT, which depending on the scope of relief will be quite expensive, and then ultimately on a net basis will be a reduction on the amount of net benefits."