Gov. Andrew Cuomo went as far as calling the $10,000 State And Local Tax (SALT) cap an act of “economic civil war” as New York was one of the hardest hit. Nancy Pelosi is reportedly considering a retroactive rollback of the SALT deduction cap. Pelosi told the Times that the priority of the next stimulus was to get money to individuals, which would be advanced by having Congress “retroactively undo SALT.”
Fingers crossed on that one.