Lydia Wheeler reports for The Hill that New York, Connecticut, Maryland, and New Jersey filed a lawsuit against the Trump administration July 17, about the new cap on federal deductions for state and local taxes in the 2017 tax overhaul. The states want the U.S. District Court for the Southern District of New York to invalidate the $10,000 cap on the federal tax deduction for state and local taxes, also known as “SALT.” “The new cap effectively eviscerates the SALT deduction, overturning more than 150 years of precedent by drastically curtailing the deduction’s scope,” the states said in the complaint. “Last year for the first time Congress drastically limit the deduction imposing an enormous burden on taxpayers in our states through a law that was deliberately aimed at coercing New York and similar states to change their taxation and fiscal policies,” New York Attorney General Barbara Underwood said. Read the full story in The Hill.