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One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.
The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap be lifted as part of reconciliation.
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New York Republicans find themselves in the middle of the fight over the deductibility of state and local taxes in the federal tax bill.