“The state and local tax deduction — the subject of one of the most contentious fiscal fights in Congress — is a write-off that most Americans will never claim, even in the districts of the lawmakers fighting hardest to increase the tax break,” Bloomberg reports.
“Congress will draft its multitrillion tax cut proposal in the coming weeks, and the priorities of a small minority of high-earning constituents in a handful of districts in New York, New Jersey and California will almost certainly be reflected in the final version.
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