Higher SALT Cap Embraced by Republicans in Competitive Districts

Republican lawmakers are hashing out ways to compromise on the state and local tax deduction cap in the runup to a deal they’re looking to make before 2024.

Lawmakers from high-tax states like New York and California are looking at ways to raise the $10,000 cap on state and local tax deductions, enacted in the GOP-led 2017 tax overhaul, that they say may draw the bipartisan support needed for passage. While any bill would need a vehicle—a government funding bill, must-pass legislation, or even a tax package could work—some members see a chance to make some headway before they face ...