House tax writers eye SALT deduction cap rejected by key lawmakers last week

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key lawmakers vocally rejected that proposal last week.

The idea, which four sources confirmed to The Hill, was discussed during a Monday morning meeting with Speaker Mike Johnson (R-La.), SALT Caucus members and lawmakers who sit on the House Ways and Means Committee, as the group looks to reach...