SALT-Cap Negotiations Falter, Dimming Hopes for a Deal This Week

Dec. 2, 2021, 7:03 PM

Senate Democrats negotiating an expansion of the state and local tax deduction aren’t near a deal, raising the prospect that talks will spill into next week -- and potentially next year.

Democrats have been divided over how generous to make the tax break, which benefits people in high-tax areas like New York and New Jersey, in President Joe Biden’s tax and spending plan.

Bob Menendez
Photographer: Tom Williams/CQ Roll Call/Getty Images

Senator Bob Menendez of New Jersey is pushing for the largest tax break possible without adding to the deficit, while others, including Senator Bernie Sanders of Vermont and Michael Bennet of Colorado say the benefits ...

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