Schumer: Democrats will try to overturn tax deduction cap

WASHINGTON (AP) — Senate Democrats are attempting to repeal an IRS regulation that is designed to keep people from exceeding the $10,000 limit on state and local tax deductions.
Senate Minority Leader Chuck Schumer on Tuesday said Democrats will force a vote to overturn the regulation through the Congressional Review Act. He says the vote will be Wednesday.
The vote takes aim at an IRS rule from June that prohibits states from creating charitable funds that taxpayers can contribute to in e