NY Republican says GOP is nowhere near a deal on SALT
A key GOP member of the New York delegation said Tuesday that GOP lawmakers are nowhere near a deal to help residents of high-income states lower their tax bills.
“We're probably only on the 25 yard line. We've got about 75 more yards to go,” Rep. Nick LaLota (R-N.Y.) said. “We've had a lot of conversations, [and] a lot of ideas have been exchanged. But we're very far from a specific deal.”
The debate over the federal deduction for state and local taxes, known as SALT, has emerged as a key sticking point as GOP leaders race to adopt President Trump’s ambitious domestic agenda in the coming months.
Trump’s 2017 tax reform law imposed a $10,000 ceiling on the SALT benefit and........
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