Sen. Pat Toomey said Wednesday that there will likely be more changes to state and local tax deductions as the House and Senate move to a conference on the tax bill.
“I think it’s likely that there will be some changes to SALT, but it would be premature for me to suggest exactly what form the change takes,” Mr. Toomey, Pennsylvania Republican, said on Fox Business.
The House bill originally called for an elimination of the state and local tax deductions, but eventually added a $10,000 maximum that people are allowed to deduct. The Senate has a similar proposal in its bill.
“We’re probably going to have to tweak that in order to hold the votes that we need in the House. But it could be tweaked in a number of ways, and it has not been determined which way,” Mr. Toomey explained.
Republican lawmakers claim eliminating SALT deductions reduces the burden on the federal government to bail out high-tax states. But those, particularly in the House, who reside in high-tax states say their constituents will be hurt by this elimination. The proposal is one of the more contentious points of the tax bill overall.
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