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Ryan Says Vote on New Tax Cuts Still Planned, Despite SALT Hangups

  • Some New York, New Jersey lawmakers say they will vote ‘no’
  • GOP hopes bill will boost tax law popularity ahead of midterms
Bloomberg business news
IRS Moves to Block New York, New Jersey Effort to Skirt State Tax Cap

House GOP leaders are forging ahead with a vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.

The legislation would make permanent all the individual changes in the 2017 tax law, including the $10,000 cap on state and local tax deductions. The decision to hold the vote shows leaders have decided they can sacrifice the support of some Republican lawmakers in New York, New Jersey and other high-tax states -- and don’t mind putting them in the tricky spot of either supporting the cap, or voting against tax cuts backed by their party.