SALT Deduction Threatens GOP Fiscal Package
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Republican efforts to pass a large fiscal package are facing a potential roadblock due to disagreements over the state and local tax (SALT) deduction. Many Republicans oppose the deduction, while others, particularly those representing high-tax states like New York and New Jersey, are demanding the $10,000 cap imposed in 2017 be lifted. These lawmakers threaten to vote against the entire package unless their demands are met, potentially jeopardizing its passage.
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