President Trump on Wednesday said he’d be open to discussing changes to the 2017 GOP tax law’s $10,000 limit on the deductibility of state and local taxes.
“There are some people from New York who have been speaking to me about doing something about that, about changing things,” the president reportedly told a small group of regional reporters at the White House. “I’d be open to talking about it.”
Not so fast. The Senate Finance Committee “won’t be revisiting the SALT deduction reforms” under Chairman Chuck Grassley (R-IA), a spokesperson for the senator said Thursday in an email. “It’s ironic that the same Democrats who criticized the Tax Cuts and Jobs Act for supposedly benefiting only the wealthy are now advocating for a change to the law that would primarily benefit the wealthy,” the spokesman, Michael J. Zona, said.