Welcome

Republicans Plan to Force Senate Floor Vote on Keeping SALT Cap

Dec. 1, 2021, 6:42 PM

Senate Republicans are readying an amendment that would block Democrats from easing the current $10,000 federal deduction cap on state and local tax payments.

Democrats want to raise the SALT cap, established in the Republican-led 2017 tax law, as part of the tax-and-spend package they aim to advance using the budget reconciliation process. The cap has been a priority issue for a bloc of lawmakers from New York, New Jersey, and other high-tax states who argue it unfairly hits their constituents.

“If and when this bill comes before us, and if and when it has a readjustment of the SALT ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.