Rep. Mike Lawler (R-NY) reiterated his commitment to raise the maximum state and local taxes that can be deducted from federal taxes.
Currently, the SALT cap allows a maximum of $10,000 to be deducted from federal taxes. At the moment, Republicans in the House have proposed a $30,000 cap for those with incomes less than $400,000. However, Lawler is proposing an even larger maximum, which he explained on Fox Business’s Mornings with Maria.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.