SALT-Cap Negotiations Falter, Dimming Hopes for a Deal This Week
- Discussions likely to last until bill is ready for Senate vote
- Democrats float various options for how to design tax benefit
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Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week -- and potentially next year.
Democrats have been divided over how generous to make the tax break, which benefits people in high-tax areas like New York and New Jersey, in President Joe Biden’s tax and spending plan.