While the budget framework didn't address changes to the limit on the federal deduction for state and local taxes, a provision may still make the final bill.
Another advocate, Rep. Josh Gottheimer, D-N.J., expressed a similar level of optimism for changes.
The limit on the deduction brought in $77.4 billion during its first year, according to the Joint Committee on Taxation, and a full repeal for 2021 may cost up to $88.7 billion, and more in future years. They have to find some way to satisfy the handful of blue-state Democrats that really, really made this their top issue."They have to find some way to satisfy the handful of blue-state Democrats that really, really made this their top issue," Gleckman said, referring to members of the so-calledOne proposal, for example, removes the cap for 2022 and 2023 and restores it for 2026 and 2027, after it's scheduled to sunset per the Tax Cuts and Jobs Act.
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