WASHINGTON — A group of House Republicans representing high-tax states is demanding an increase to the federal deduction for state and local taxes, also known as “SALT,” in order to support an extension of President-elect Donald Trump's tax law next year.
The battle centers on the $10,000 limit on deductions for state and local taxes, which Republicans established in a 2017 tax cut bill.
You guys can do the math on that one,” Rep. Nick LaLota, R-N.Y., a proponent of a bigger SALT deduction, told NBC News.
Because an expiration of [the 2017 tax law] would completely eliminate [the cap on] SALT,” Rep. Nicole Malliotakis, R-N.Y., a member of the tax-writing Ways & Means Committee, said in an interview.
“I think it would be fiscally irresponsible not to have a SALT cap,” said Tillis, who represents a state where taxpayers don’t use the deduction as much.
Persons:
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Organizations:
House Republicans, GOP, ”, NBC News, Republicans, Finance, Senate
Locations:
New York , New Jersey, California
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