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SALT-Cap Talks Falter as Sanders, Menendez Negotiate Details

  • Sanders says he wants to use excess money for dental coverage
  • Menendez wants SALT breaks for individuals earning $550,000
The U.S. Capitol in Washington, D.C.
Photographer: Al Drago/Bloomberg

Negotiations in the Senate over expanding the state and local tax deduction hit a new snag with two key lawmakers at odds over whether the plan should raise revenue for other spending priorities in President Joe Biden’s economic agenda.

Senator Bob Menendez, a New Jersey Democrat, told reporters Monday that Senator Bernie Sanders has “walked away” from a previously-agreed-to plan that changes to the deduction be revenue neutral over the 10-year budget window, which would allow for a more generous tax break.