SALT Agreement Near as Lawmakers Eye Two-Year Repeal of Limit

Sept. 27, 2021, 10:44 PM

A key Democratic lawmaker said a detailed, final agreement to restore the federal deduction for state and local taxes could be reached this week, with another advocate flagging a temporary repeal of the break’s limit as the likely proposal.

The SALT deduction is one of the final tax details to be worked out in the House version of an up-to-$3.5-trillion tax and social spending bill. The House Ways and Means Committee, the panel responsible for writing the tax portion of the bill, failed to reach agreement about how to address SALT earlier this month.

“This is all going to come ...

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