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State Governments Are Already Gaming the Republican Tax Overhaul

  • New York, California seek workarounds to SALT deduction limits
  • Charities and payroll tax changes mulled to shield residents
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Republican Congressman Leonard Lance of New Jersey discusses the importance of SALT deductions.(Source: Bloomberg)

Before the ink was dry on the Republican tax bill signed into law late last month, experts predicted that state governments would try to shield their residents from tax hikes they’ll suffer from a sharp reduction in state and local deductions.

It didn’t take long.