The Hill: Senate Rejects Dem Measure to Overturn IRS Rules on SALT Deduction Cap

Lawmakers will have a major opportunity to revisit the GOP tax law at the end of 2025, when the SALT deduction cap and the law’s other tax changes to the individual code expire. But a future Democratic president and Congress may want to reexamine the cap and the tax law as a whole sooner than that.

“They’re going to want to replace it with something better before the end of 2025,” said Steve Wamhoff, director of federal tax policy at the left-leaning Institute on Taxation and Economic Policy.