House Dems Say They Will Soon Introduce Bill to Pause SALT Cap

House Ways and Means Committee Democrats are close to introducing legislation that would temporarily lift the $10,000 deduction cap for state and local taxes.

Committee members have been discussing ways to address the cap, established in the 2017 tax law. Rep. Bill Pascrell (D-N.J.) said he believes some of his colleagues are on board for a temporary reversal, despite initially being skeptical.

“I would say that’s going to be done before the end of November,” Pascrell said, though he acknowledged it could come out before lawmakers leave Washington for Thanksgiving.

Lawmakers from New York, New Jersey, and other states with ...