I read Collins got SALT added to the Senate bill.
She proves she is a Democrat
Can someone verify if SALT was dropped from the Senate bill, because they got Collins vote.
Collins added language to match the House - property taxes deductions allowed. Both bills match, so that will stay in final bill.
$10K in property tax only was added to the Senate bill. This is the same amount of a deduction that was put into the House bill.
But, both bills still kill all state and local tax deductions - so that deduction will be gone, forever.
Even with the property tax deduction, it won't be enough without state and local to prompt many to itemize. I read an estimate that they believe that instead of 1/3rd of American itemizing, that number will dwindle to around 6%.
Have you ever used SALT deductions? If so, did you complain about them at the time?