It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap​, increasing the state and local tax deduction from $10,000 to $40,000.

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.

As President Trump pushes for a new tax reconciliation bill, he encounters resistance from within his own party over the state and local tax (SALT) deduction limits. This internal GOP conflict highlights the challenges of balancing fiscal policy with regional interests,

The bill is expected to undergo more changes when it goes to the Senate for final passage. FOX 5 NY's Morgan McKay has more.

Live updates and the latest news as Trump hosts South Africa's president and the House Rules Committee meets to on the Republicans' budget bill.

The SALT deduction has been a contentious issue in U.S. tax policy, especially under President Trump's administration. As new proposals emerge, understanding the evolution from the initial $10,000 cap to the current discussions is crucial.

New York Republicans find themselves in the middle of the fight over the deductibility of state and local taxes in the federal tax bill.

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful bill."