SALT deductions may be doomed as Biden’s massive spending bill faces cuts

Hopes to lift the cap on so-called SALT deductions for taxpayers in high-tax states like New York are growing bleaker as President Biden’s infrastructure bill gets cut down to size, sources told The Post. Biden’s massive spending package, initially pegged at $3.5 trillion, is being whittled to roughly $2 trillion. That, in turn, is shrinking...

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