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Published 3 months ago

The House is expected to vote this week on a rule for legislation that would raise the cap for state and local tax deductions, known as SALT, for many

Summary by Ground News

The House is set to vote on a rule for legislation that would increase the cap for state and local tax deductions, known as SALT, particularly for married couples. The move comes in response to the 2017 tax cut bill, which imposed a $10,000 cap on SALT deductions, resulting in higher taxes for residents in high-tax states. Republicans have justified targeting Salt deductions as a means to offset the costs of the Trump tax cuts, arguing that it provides an unfair advantage.

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The House is expected to vote this week on a rule for legislation that would raise the cap for state and local tax deductions, known as SALT, for many

The House is expected to vote this week on a rule for legislation that would raise the cap for state and local tax deductions, known as SALT, for many

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