SALT caucus rejects tax-writing panel’s offer of $30,000 deduction cap

May 9, 2025 - 00:00
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SALT caucus rejects tax-writing panel’s offer of $30,000 deduction cap
Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump’s legislative priorities. The House Ways and Means Committee, which oversees the tax portions of the GOP megabill, had been discussing increasing…