Senate GOP Proposes $40,000 SALT Cap Amid Political Tensions
TL;DR Summary
Senate Republicans are negotiating a $40,000 SALT deduction cap with a lower income threshold to satisfy House demands, aiming to resolve legislative disputes and pass the tax bill before July 4, amidst ongoing disagreements over Medicaid funding, energy credits, and other provisions.
Topics:nation#house-republicans#income-threshold#politics#salt-cap#senate-republicans#tax-legislation
- Senate GOP to Offer $40,000 SALT Cap With Lower Income Threshold Bloomberg
- Garcia on precipice of powerful Oversight post Politico
- Senate moves closer to "acceptance" on big red line for House GOP Axios
- Don’t pass a ‘Big Beautiful Blue-State Bailout’ bill The Hill
- Republicans Clamp Down on SALT Workaround for Business Owners WSJ
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