Senate and House GOP Clash Over SALT Deduction Policies
TL;DR Summary
Senate negotiators are close to an agreement with House Republicans on a bill that maintains the $40,000 SALT deduction cap, with ongoing discussions on other issues like Medicaid and SNAP savings, as they aim to meet a July 4 deadline for the legislation.
- Senate moves closer to "acceptance" on big red line for House GOP Axios
- Mullin outlines possible agreement on key tax deduction Politico
- Senate GOP to Offer $40,000 SALT Cap With Lower Income Threshold Bloomberg.com
- Republicans Clamp Down on SALT Workaround for Business Owners WSJ
- Congress Is At Odds Over State and Local Tax Deductions. What That Means For You Investopedia
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