SALT Cap Rollback for Two Years Debated by House Democrats

Sept. 14, 2021, 2:24 PM

House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.

Senior Ways and Means Committee Democrat Bill Pascrell of New Jersey said the temporary rollback is one of the “main considerations” before the Democratic caucus now.

Bill Pascrell speaks outside the U.S. Capitol in Washington, D.C.
Photographer: Sarah Silbiger/Bloomberg

“There’s no final decision,” Pascrell said. “It is a working project.”

The discussions on how to deal with the SALT cap comes as lawmakers from high-tax states warn Speaker Nancy Pelosi they would withhold support for other parts of Joe Biden’s economic agenda unless the ...

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