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Ways and Means Committee Democrats eye temporary repeal of SALT deduction cap

US House Ways and Means Committee member Bill Pascrell, D-N.J., said the week of 16 September 2019 that a forthcoming compromise proposal from the panel’s Democrats to address the current-law cap on the deduction for state and local taxes (SALT) may call for a temporary repeal of the provision.

Source: Deloitte

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