House tax writers eye SALT deduction cap rejected by key lawmakers last week
The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key lawmakers vocally rejected that proposal last week.
The idea, which four sources confirmed to The Hill, was discussed during a Monday morning meeting with Speaker Mike Johnson (R-La.), SALT Caucus members and lawmakers who sit on the House Ways and Means Committee, as the group looks to reach an agreement on the hot-button issue ahead of the tax-writing panel’s markup, which is scheduled to begin on Tuesday at 2 p.m.
Two of the sources said that, at the time of the meeting, the proposal was likely to make it into the panel’s portion of the bill full of President Trump’s legislative priorities, which is expected to be released Monday afternoon.
Lawmakers could still change the text ahead of its Monday afternoon release, and the language will be subject to change during the marathon debate.
Emerging from the meeting, Johnson said the group had not yet........
© The Hill
