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Democrats to Tackle SALT Cap Despite Optics of Helping the Rich

  • House committee hearing will be first public SALT discussion
  • Lawmakers from high tax states aiming to expand the deduction
Buildings stand in lower Manhattan in New York.
Photographer: Michael Nagle/Bloomberg
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Good news for taxpayers in New York, New Jersey and California. House Democrats are going to start talking about rolling back a new limit on a popular break for state and local taxes.

The House Ways and Means Committee will hold a hearing in late June to discuss a change in the 2017 Republican tax law that capped so-called SALT deductions at $10,000.