Legislation has been proposed by congressmen and U.S. senators from New York that would repeal SALT, the limit on deducting state and local taxes from federal tax returns. Senate Majority Leader Charles Schumer and Sen. Kirsten Gillibrand introduced legislation in the Senate and Rep. Mondaire Jones joined with Rep. Tom Suozzi to introduce a bill in … Continue reading U.S. lawmakers propose bill to kill SALT tax cap