“House Republicans are moving closer to keeping some form of the state and local tax deduction, and President Donald Trump isn’t standing in the way, signaling a possible breakthrough in an early spat over tax reform. Several lawmakers who huddled with GOP leaders Thursday indicated that the talks were going well,” Politico reports.
Wall Street Journal: “The aim, lawmakers say, is to keep the break for middle-income households while repealing it for higher-income households. One idea is to cut off the deduction for households whose incomes exceed a certain level. The challenge will be finding agreement on where that dividing line should be.”
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