WASHINGTON (AP) — A longshot bid to temporarily double a $10,000 cap on state and local tax deductions for most married couples went down to defeat Wednesday in the House.
The limit was put in place as part of the sweeping tax cuts that a Republican-led Congress passed during then-President Donald Trump's administration. The so-called SALT cap has led to bigger tax bills for many residents of New York, New Jersey, California and other high-cost, high-tax states, and is an important campaign issue in those states.
