SALT Talks Gain Steam With Trump’s Blessing on Tax Break
- House Republicans seek to reach compromise in coming weeks
- Lawmakers to discuss SALT again with Trump on Wednesday
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House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges from President Donald Trump and congressional leaders to include the measure in a must-pass tax bill this year.
New York Republicans are having discussions about how to raise the $10,000 SALT cap so that their constituents can deduct more local income and real estate taxes from federal bills. Lawmakers are hoping to come up with a figure for the deduction cap in the coming weeks — potentially as soon as February, GOP Representative Nicole Malliotakis said.