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. Democrats will force a vote, scheduled for Wednesday, to overturn the regulation through the Congressional Review Act, Senate Minority Leader Chuck Schumer told The Associated Press on Tuesday. The 2017 GOP tax overhaul limited the amount of state and local taxes that taxpayers can write off. The Democrats' measure would use what has been a rarely successful legislative tool to overturn a regulation. "The devastation in New York is very, very bad," Schumer said, adding that it is also affecting "many Republican states."

Source: ABC News October 22, 2019 14:37 UTC