A staff member affixes the Presidential seal to a podium ahead of an event to mark the sixth-month anniversary of the Tax Cuts and Jobs Act passage in the East Room of the White House in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

SALT Cap Repeal Would Be $40 Billion Windfall for Millionaires

(Bloomberg) -- More than half of the benefit of repealing the $10,000 deduction cap for state and local taxes would go to millionaires, according to Congress’s nonpartisan tax scorekeeper.

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