SALT-Cap Suspension Plan Called ‘Unacceptable’ by Sanders (1)

House Democrats are considering a five-year suspension of the cap on the federal state and local tax deduction before it’s reinstated in 2026, according to people familiar with the negotiations, a plan that Senator Bernie Sanders quickly declared “unacceptable.”

That temporary suspension has become the leading option in discussions about the SALT deduction limit. But the pushback from progressives like Sanders on extending the tax benefit to the ultra-wealthy likely will force proponents to reassess. His opposition is enough to block the bill in the Senate.

“I am open to a compromise approach which protects the middle class in high ...