Two articles examine possible effects of the capping of the state-and-local tax (SALT) deduction in the new tax law. Josh Marshall contends that the cap could have adverse consequences for the Republican Party. Jim Geraghty writes that the negative financial effects of the SALT cap can, for many taxpayers, be offset by changes to the alternative-minimum tax. Read more here and here.
See also: John Kincaid, “Should the State and Local Tax Deduction be Killed or Saved?“