Politics
Not much more room left for SALT, says GOP tax chief
House Ways and Means Chair Jason Smith (R-Mo.) told reporters Wednesday there’s only about $50 billion available to increase a key tax deduction sought by blue-state Republicans. Under legislation advanced out of Ways and Means early Wednesday morning, House Republicans would triple the $10,000 state-and-local-tax deduction to $30,000 and put a new $400,000 income limit on the write-off…
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