‘SALT’ deduction in limbo as Senate Republicans unveil tax plan

While publishing the basic details of the expenditure package of the Senate Republican President Donald Trump, some provisions, including the federal deduction for the state and local taxes known as salt, remain in the limo.

Tax deductions and labor law or TCJA dated 2017. $ 10,000 limit It is in salt cut until 2025. Before 2018, the tax reduction, including state and local income and real estate taxes, was unlimited for files that issued deductions. However, the so -called alternative minimum tax has reduced the benefits of some high earnings.

Senate Finance Committee Proposed text It contains a $ 10,000 salt deduction hat launched on Monday. This border fell from the $ 40,000 border approved by the Parliamentary Republicans in May.

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“Salt has been controversial for eight years,” Andrew Lautz said, “Salt has been controversial for eight years.

Since 2017, there has been a key problem for some MPs in high -tax states such as Salt Cultivation, New York, New Jersey and California. The members of these councils have leverages during negotiations in the middle of the majority of a subtle parliamentary republican.

Pursuant to the existing laws, the files that allocate tax cuts cannot demand more than $ 10,000 for salt outage, Married couples who filed together are considered as a “marriage penalty”.

However, it is controversial to raise the salt cut cover. If executed, the benefits are primarily Flow to higher income household peopleAccording to a May analysis for a federal budget responsible for the Committee.

Currently, the majority of files – roughly 90%According to the latest IRS data – use the standard deduction and do not benefit from detailed tax cuts.

In addition, the 2017 salt limit entered into force to help pay other TCJA tax cuts and some MPs support the lower limit for financing.

In the Senate, “There is no high interest in doing anything in salt”, Senate majority leader John Thune on June 15 “FOX News Sunday. “

“I think at the end of the day, we’ll find a landing point, I hope we will get the votes we need in this house, a compromise position on the salt problem,” he said.

But some Parliament Republicans already pushed back On the $ 10,000 salt outage hat included in the Senate draft.

Rep. X post.

Meanwhile, representative Nicole Malliotakis, RN.Y., published on Monday. $ 10,000 in x. He said that the lower limit was “a slap for the Republican regions that not only insult, but also surrendered our majority and Trifecta.”