Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own tax-and-spend habits.

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or her state and local

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level. States would be smart to stick with the current cap or, better yet, go even farther and repeal SALT deductions outright.

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for representatives from states with high taxes, like New Jersey and California.

This federal deduction for state and local taxes — the SALT deduction ... group of Republican lawmakers who represent districts in high-tax states. As members of Congress negotiate a tax ...