The Wall Street Journal article published here discusses the potential impact of the mid-term elections for certain provisions of the recently enacted tax reform bill.  Specifically, in a split Congress scenario where the Democrats overtake the House of Representatives but Republicans maintain control of the Senate, elements of the recent tax reform could be in play for negotiation, including the corporate tax rate, estate tax exemption, and state and local tax deduction (SALT deduction).  Importantly for residents in New Jersey and New York, the $10,000 SALT deduction limit could be raised as part of a compromise between the parties, alleviating some of the tax hit for NY/NJ area residents with high property taxes relative to the rest of the country.