The U.S. House of Representatives today passed by a vote of 218 to 206, H.R. 5377, “Restoring Tax Fairness for States and Localities Act”—a bill to modify the state and local tax (SALT) deduction.
The bill also includes an increase to the amount of allowable certain deductible expenses of teachers and first responders.
The bill will now be sent to the Senate where its prospects are uncertain.
The White House released a Statement of Administration Policy [PDF 101 KB] indicating that the president’s senior advisors would recommend that the bill be vetoed.
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