New York, New Jersey Lawmakers Start Plotting SALT Cap Fix

Democrats and Republicans from states like New York and New Jersey are plotting to come together on a strategy for next year to roll back the state-and-local tax deduction cap.

Members of the bipartisan SALT Caucus in Congress are meeting ahead of expiration of the $10,000 cap of the tax break, imposed under the GOP’s 2017 tax law. The lawmakers are still working to get on the same page for tax talks next year, when the cap and many other of the law’s provisions expire.

While the group’s aim is to let the cap sunset, the approach will depend on ...