SALT deduction

Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.

Despite a host of issues, they aim to vote this week on the roughly $2 trillion tax and spending bill.

Lawmakers representing high-tax areas are pushing to make the SALT deduction on federal income taxes a priority.

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Middle-class households in New Jersey and other high-tax states would benefit from an expansion of the deduction, a key House Democrat said.

There were last-minute changes on modifying the SALT deduction and a provision allowing Medicare to negotiate drug prices.

Congressional Democrats floated fresh proposals on how to increase the federal deduction on state and local taxes, but House and Senate lawmakers were at odds over whether the very rich should be allowed to take the tax break.

Democrats have found new urgency to pass the roughly $1.75 trillion tax and spending plan as well as an infrastructure bill with $550 billion in new spending after being stung by a Republican sweep of statewide races in Virginia.

The move would help offset the benefits from a proposed expansion of the federal deduction of state and local taxes.

An adverse court ruling leaves wealthy states with fewer options.