Sanders, Menendez Want SALT Cap Removal For Middle Class

Senators Bernie Sanders and Bob Menendez jointly propose permanently repealing the cap on state and local tax deductions for middle-class Americans during a press briefing.

• The income limit to qualify for the SALT cap repeal in the senators’ proposal would be between $400,000 and $550,000
• NOTE: SALT Cap Raised to $72,500 in House Democrats’ Proposed Bill

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Kasia Klimasinska at kklimasinska@bloomberg.net

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