SALT tax deduction would double under this House bill introduced by GOP members

The deduction — a priority for members from New York and California — benefits higher-income taxpayers. The House on Wednesday passed a roughly $79 billion tax-cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for business. SALT wasn’t addressed in the measure. Read: House Speaker Mike Johnson, a Louisiana Republican, met with members who were unhappy that the bill failed... + full article