The House Rules Committee approved a bill led by New York Republicans on Thursday that would increase the state and local tax (SALT) deductions cap, setting up a potential floor vote on the measure next week.
A deduction for state and local taxes could double for certain taxpayers under a bill heading to the full House of Representatives, after being left out of a.
New York Republicans who staged a floor rebellion earlier this week got a win Thursday when a House panel advanced a State and Local Tax (SALT) deduction bill in a last-minute hearing.
New York Republican moderates received a commitment from GOP leadership to work on advancing legislation to address the state and local tax deduction (SALT) after a group of those Empire State lawmakers threatened to block legislative action over the issue. Two sources initially told The Hill that the lawmakers and leadership struck an agreement to…