Republicans face a dilemma as they figure out how to address the state and local tax deduction: whether to limit the break for corporations as they make it more generous for individuals.
Raising the $10,000 individual SALT cap, included in the GOP’s 2017 tax law, has been a top priority for Republicans in high-tax states, while conservatives in the party warmed to potentially tightening the corporate SALT write-off—which isn’t capped—to pay for that increase or other priorities. Curbing corporations’ ability to deduct state and local taxes also could create more parity among different types of taxpayers.
That’s left some of ...