WASHINGTON — Live in an area with a Democratic congressperson? Then it’s likely you were hurt more than people who live in Republican districts by the cap on deductions for state and local taxes.
And there’s little hope any relief is coming until at least 2022.
The Democratic-run House last month passed legislation to eventually do away with the $10,000 per return limit on state and local tax deductions (SALT).
But asked if he would consider the ideas in the House bill, Sen. Charles Grassley, an Iowa Republican who heads the tax-writing Senate Finance Committee, said flatly, “No.”
“The economic answer is this tax bill has been so good for the economy that we should not be bringing uncertainty about the tax bill by even talking about it,” he told reporters last week.