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Pelosi ‘Sympathetic’ to Move to Lift SALT Cap in Biden Bill (4)

April 2, 2021, 1:23 AM

House Speaker Nancy Pelosi signaled support for a move to put a repeal of the $10,000 cap on state and local tax deductions in the infrastructure and social-spending program that Democrats are hoping to pass as soon as this summer.

“Hopefully we can get it into the bill. I never give up hope for something like that,” Pelosi said at a news conference on Thursday.

She called the deduction limit enacted by President Donald Trump “devastating” to taxpayers in her home state of California, and said she is sympathetic to the move by a group of lawmakers to remove the ...

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