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SALT deduction fight slows tax deal as lawmakers seek relief

Por: MarketWatch Politics January 30, 2024

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A group of Republicans in the SALT caucus have complained the tax bill doesn’t raise the $10,000 cap on federal deductions for state and local taxes. The deduction — a priority for members from New York and California — benefits higher-income taxpayers. The tax deal also includes a boost to the child credit and could lead to the creation of more than 200,000 new homes for low-income families. Johnson could schedule a vote on the measure as... + full article



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