It won’t carry nearly the same honor as that of my grandfather’s comrades who were dying on a literal hill in the South Pacific, 80 years ago today. Still, Republican members of Congress should summon up their resolve and stand ready to let the “one, big, beautiful bill,” or OBBB, die on the hill of significantly higher SALT exemptions.
The current SALT cap allows taxpayers in states with high state and local taxes to deduct up to $10,000 off their total federal income tax bill. The OBBB would raise the SALT deduction cap to $30,000 for those with incomes less than $400,000. This is very generous. Sadly, a small handful of Republicans refuse to recognize as much. With a public display of distinct arrogance, a group led by Rep. Mike Lawler (R-NY) is pushing for far greater concessions.
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