SALT Talks Gain Steam as Trump Blesses Expanding Tax Break

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges from President Donald Trump and congressional leaders to include the measure in a must-pass tax bill this year.

New York Republicans are having discussions about how to raise the $10,000 SALT cap so that their constituents can deduct more local income and real estate taxes from federal bills. Lawmakers are hoping to come up with a figure for the deduction cap in the coming weeks — potentially as soon as February, GOP Representative Nicole Malliotakis said.

“We looked at increasing the deduction, ...