According to the nonpartisan tax policy center, the top 20% of taxpayers may receive more than 96% of the benefit of a salt cap repeal and. The plan reportedly would repeal the salt cap for 2022 and 2023 only. High-income Households Would Benefit Most From Repeal Of The Salt Deduction Cap They now have their chance. Salt tax limit repeal . The franchise tax board estimated in 2018 that the salt deduction limit cost californians an additional $12 billion a year in federal taxes. Blocking threat suozzi, known as “mr. The salt cap was put in place by the 2017 tax law to help defray the costs of tax rate cuts — including the cutting of the top individual rate. Ever since the $10,000 salt limit passed, some democrats have vowed to repeal it. House speaker nancy pelosi is fighting to repeal the cap. 27, 2021, report] the long island congressman says the limits on deductions for state and local taxes must be repealed. A key democratic lawmaker said a detailed, final agre...