Reported about 6 hours ago
President Donald Trump is urging Congress to expedite the passage of his tax-cut bill, with a new deadline set before July 4th, coinciding with a tentative agreement among Republicans on the state and local tax (SALT) deduction. The proposed deal would raise the SALT deduction cap to $40,000 for five years, a crucial negotiating point, as GOP lawmakers face pressure to meet demands from constituencies in states such as New York and New Jersey. Voting on the bill is anticipated to commence soon, with significant implications for Trump's broader economic agenda.
Source: YAHOO