“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,” Bloomberg reports.
“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.”Said Rep. Nicole Malliotakis (R-NY) said increasing the SALT cap to $20,000 would not be enough.