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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.
The House speaker says the CBO missed by $1 trillion, but even the CBO couldn’t predict a pandemic.
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
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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 ...
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
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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