Reported about 9 hours ago
Treasury Secretary Scott Bessent indicated that House and Senate Republicans are likely to reach an agreement on the state and local tax (SALT) deduction within the next 48 hours, which has hindered President Trump's economic agenda. Some House members are advocating for increasing the SALT cap from $10,000 to $40,000, while Senate Republicans are still in negotiations. Bessent believes that a resolution will facilitate the passage of Trump's tax package ahead of a self-imposed deadline.
Source: YAHOO