Not much more room left for SALT, says GOP tax chief

Politico.com - For more and to sign up click here House Ways and Means Chair Jason Smith (R-Mo.) told reporters Wednesday there’s only about $50 billion available to increase a key tax deduction sought by blue-state Republicans. Under legislation advanced out of Ways and Means early Wednesday morning, House Republicans would triple the $10,000 state-and-local-tax deduction to $30,000 and put a new $400,000 income…