Senate, tax and SALT
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House Speaker Mike Johnson said he’s pressuring Senate Republicans to refrain from changing a deal to increase the state and local tax deduction cap to $40,000, pushing back on President Donald Trump’s willingness to scale back the write-off.
Speaker Johnson is now staring down Senate tax writers who are doubling down on threats to scale back his carefully negotiated deal to raise the state-and-local-tax deduction cap.
Senate Republicans seeking to put their mark on the House-passed tax-and-immigration package are considering raising the state and local tax deduction cap to $30,000, lower than the House’s $40,000 plan.
2don MSN
As Trump's "Big, Beautiful Bill" makes its way to the Senate, Republicans debate back and forth about what should be in the bill and how to achieve additional savings.
Multiple House Republicans have already said they would vote against the bill if the Senate changes their agreed-upon deal to raise the SALT cap. Changing the deal "would be like digging up safely ...
Republicans in the House have proposed a $40,000 cap for those with incomes less than $400,000 after Rep. Mike Lawler argued for it.
SALT Republicans are ready to go to war with the Senate on the increased tax relief for high cost of living areas in President Trump's reconciliation bill.