Republican Senators Consider Setting a $30,000 SALT Cap in Trump Tax Law
A key Republican negotiator has indicated that Republican senators are considering setting a $30,000 cap on state and local tax (SALT) deductions as a compromise between the current law and the more generous cap in the House version of the Trump tax plan. Moderate Republican Senator Thom Tillis, who is involved in the negotiations, stated that Republican senators are seeking to lower the $40,000 SALT cap passed by the House to at least $30,000. (Jin10)
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