Rep. Jim Jordan, R-Ohio, is backing an increased cap on state and local tax deductions in an effort to get some GOP holdouts on board with his speaker bid, according to Rep. Mike Garcia, R-Calif.
Garcia, who supports Jordan’s run for the gavel and opposes the current $10,000 “SALT” limit, said on Wednesday that Jordan is on board with a proposal he came up with to double the deduction limit to $20,000 for single tax filers and $40,000 for married couples who file taxes jointly.
It would be a notable endorsement from Jordan, who has led some of the House’s most conservative factions that tend to oppose allowing more deductions for state and local taxes.
