Friday, June 27, 2025

Key SALT Republican rejects latest offer from Senate GOP, administration

The House-passed measure included a $40,000 deduction cap — quadruple the number in current law — for individuals making $500,000 or less. Senate Republicans, however, reverted the proposal back to $10,000 in their version of the legislation, sparking a fierce fight between the two camps. 

In recent days, however, talks have zeroed in on keeping the $40,000 deduction cap in place but changing the income threshold and inflation index...

https://thehill.com/homenews/house/5371485-salt-republicans-offer-trump-bill/ 


 

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