Reported about 12 hours ago
House Speaker Mike Johnson has proposed raising the SALT (State and Local Tax) deduction cap to $40,000 in an effort to secure support from moderate lawmakers while discussions on President Trump's tax bill continue. This increase from the current $10,000 cap aims to alleviate pressure from the SALT caucus, but it may intensify negotiations with fiscal conservatives who seek additional budget cuts. The outcome of these discussions is crucial as the timeline for voting on the bill approaches.
Source: YAHOO