Senate Faces Deadlock Over SALT Deduction Cap Amid GOP and Blue State Tensions
TL;DR Summary
The US Senate's version of Trump's tax bill will keep the cap on state and local tax deductions at $10,000, unlike the House's proposal to raise it to $40,000, risking the bill's passage due to opposition from House Republicans and high-tax state residents.
- Senate to maintain cap on state tax deductions, imperilling Trump’s bill Financial Times
- Senate GOP dials down SALT cap — for now Politico
- Blue state Republicans threaten revolt against Trump's 'big, beautiful bill' if Senate changes key tax rule Fox News
- Senate Deadlocked on SALT, With Draft Bill Showing Current $10,000 Cap Bloomberg.com
- NY reps warn Senate version of 'big, beautiful' bill will be 'dead on arrival' if SALT cap lowered to $10K New York Post
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