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House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and local tax deductions, or “SALT," to $40,000.
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
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Money Talks News on MSNRepublicans Eye $30,000 SALT Cap in Tax Package NegotiationsHouse Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike ...
Speaker Mike Johnson (R-La.) said he expects to have a deal on the state and local tax (SALT) deduction cap Wednesday, after both sides of the tenuous negotiations reported progress following a ...
House Speaker Mike Johnson unveiled changes to President Trump's "big beautiful bill" Wednesday, including a more generous deduction for state and local taxes (SALT) with more changes to the package ...
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Explícame on MSNWhat is the 'SALT Caucus' and why did it claim victory with the SALT deduction increase?In the midst of negotiations for the 'One Big Beautiful Bill Act,' a group of Republicans known as the 'SALT caucus' emerged ...
Speaker Mike Johnson is trying to strike a delicate balance between blue-state Republicans and conservative hard-liners on a ...
Mike Johnson inches closer to passing Trump’s ‘big, beautiful bill’ but holdouts remain - Trump made clear he wants the SALT caucus to cut a deal. That could end up saving — or dooming — his ‘big, bea ...
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