More than 30 House lawmakers from high-tax states are relaunching the SALT Caucus to loosen a $10,000 cap on the amount of state and local taxes that filers can deduct on their federal returns.
Members of both parties formed the caucus to combat the cap that passed as part of then-President Donald Trump’s tax overhaul of 2017. The fight continues in the new Congress.
Supporters of a cap on the SALT deduction say blue states should rein in their taxes instead of forcing the federal government to fund a giveaway to relatively high earners. House Democrats pushed to lift the cap to $80,000 during negotiations over President Biden’s tax-and-climate agenda last year, but centrist Sen. Joe Manchin III, West Virginia Democrat, rejected the plan.
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