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Lawmakers are divided over state and local tax deduction

05:30

Lawmakers are divided over how to deal with the state and local tax deduction or SALT, after the House passed its version of the Republican spending bill last week. The cap tends to impact Americans who live in higher-tax states particularly hard.

Matt Gardner, senior fellow with the Institute on Taxation and Economic Policy, joins us to discuss.

This segment aired on May 26, 2025.

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