Reported 4 months ago
The House is in session as Speaker Mike Johnson (R-La.) seeks to finalize a GOP tax bill, with the state and local tax (SALT) deduction cap becoming a significant obstacle. Johnson's proposal to triple the current SALT deduction to $30,000 has faced pushback from certain Republican members, leading to negotiations that may affect the bill's timeline. With critical decisions expected, lawmakers aim for a finalized version to be ready for a vote next week.
Source: YAHOO