SALT-Cap Repeal Gains Momentum With House Bipartisan Caucus (2)

April 15, 2021, 7:17 PM

Democratic and Republican House members are forming a bipartisan group to push for a repeal of the $10,000 cap on state and local tax deductions, demonstrating a broadening campaign to restore a valuable tax break.

“We are trying to build a diverse group of people,” said Representative Tom Suozzi, a New York Democrat who is co-chair of the new Bipartisan SALT caucus. “SALT really affects a lot of different places in this country.”

The group, with 21 Democrats and nine Republicans as founding members, gives lawmakers an official platform to push for an expansion of the SALT deduction, co-chair ...

To read the full article log in. To learn more about a subscription click here.