SALT and a hard place: House Republicans introduce measure to make tax cuts permanent

  House Republicans introduced legislation on Monday that would make the new tax cuts for individuals — set to expire at the end of 2025 — permanent. The measure also includes the controversial $10,000 annual cap for state and local tax deductions (SALT), a provision that’s particularly unpopular in high-tax states like New York and New Jersey. The legislation is up for consideration as the November election nears, when Republicans will be at risk of […]

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