House Republican Sees SALT Deduction Limit Increasing to $30,000

Representative Jeff Van Drew said he thinks House Republicans will end up approving a $30,000 cap on the state and local tax deduction, a significant boost to the valuable and politically important write-off.

“$30,000 is fine for me,” the New Jersey Republican said Thursday, referring to the SALT cap for individuals. “That’s where I think it ends up, by the way.”

Van Drew’s suggestion touches on what will be one of the most politically sensitive discussions in Congress as Republicans negotiate President Donald Trump’s tax-cut agenda, which will almost certainty include an increase to the current $10,000 SALT cap. ...