U.S. House vote to lift federal tax deduction cap could be short-lived

WASHINGTON – A vote in the House to lift a cap on federal tax deductions for state and local tax payments (SALT) was glad tidings for high income, high tax states like Minnesota.

The great joy may be short-lived, however, as the bill faces long odds of even being considered in the Republican-controlled Senate.

http://www.startribune.com/u-s-house-vote-to-lift-federal-tax-deduction-cap-could-be-short-lived/566422592/