Republican Senators Mull $30,000 SALT Cap in Trump Tax Bill (3)

Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between current law and the more generous limit in the House’s version of President Donald Trump’s tax bill, a key GOP negotiator said.

Senator Thom Tillis, a moderate Republican involved in the talks, said Republican senators are trying to reduce the House-passed $40,000 SALT limit to at least $30,000.

Senate Finance Committee Chairman Mike Crapo told lawmakers that SALT will likely end up below $40,000, without citing a specific figure, according to North Dakota Senator John Hoeven. And Senate ...