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The SALT Cap Isn’t Going Anywhere, Right and Left Agree

  • Repealing the SALT cap would be seen as tax cut for wealthy
  • Even Democrats split on getting rid of cap on deductions
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Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000 cap on deductions for state and local taxes, or SALT, isn’t going anywhere any time soon.

Some 30 Democratic members of Congress, joined by one Republican, last month introduced a bill that would eliminate the cap on SALT deductions introduced in the 2017 tax overhaul. And New York Governor Andrew Cuomo formed a coalition of Democratic counterparts from high-tax states to push for a change.