Nixing SALT Cap, Energy Credits on GOP Options for Tax Cliff (1)

House Republicans are circulating a lengthy list of policy options to include in a legislative package that would extend their 2017 tax law and jump-start President-elect Donald Trump’s agenda.

The document, obtained by Bloomberg Tax, spells out potential billions in costs and revenue boosts from limiting the mortgage interest deduction further to changes to how the state and local sales tax deduction is capped to killing the Biden administration’s energy tax credits. Along with spending cuts, all are ways to offset the multitrillion-dollar price tag of extending the law known as the Tax Cuts and Jobs Act.

The ...