GOP House Majority Boosts SALT Expansion

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SALT deduction

Washington Examiner

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Slim Republican House majority could be gift to SALT caucus

Summary

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74% Informative

House Republicans appear likely to win a very slim majority in the House , which could help pro-SALT Republicans .

The SALT cap on state and local taxes paid is set to expire next year .

While most rank-and-file Republicans oppose SALT , President-elect Donald Trump now says he supports expanding the cap.

The SALT caucus could have been easily sidelined by SALT critics, some of whom want to make the cap permanent.

Watson pointed out that if Republicans were on track to win a bigger majority, say, 30 seats, then they would have little power at all coming into the new Congress .

“But millionaires and billionaires living in Long Island or Manhattan , they effectively still lose the SALT deduction,” Watson said.

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