SALT Plan in Senate Would Fully Lift Cap Within Income Limits.

Sanders, a Vermont independent who caucuses with Democrats, said he is working on a plan that would give an unlimited deduction on federal returns for state and local taxes, or SALT, under a certain income level that is still being negotiated. (Bloomberg) -- Senator Bernie Sanders said he is working on a proposal to set an income threshold for an unlimited state and local tax deduction while letting high earners continue to deduct $10,000 from their federal taxes as they can under current law. [Extracted from the article]

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