Trump Hosts SALT-Focused Republican Meetings at Mar-a-Lago Amid Tax Reform Discussions
In a series of crucial meetings at Mar-a-Lago, former President Trump is convening SALT-focused Republicans to address the contentious state and local tax (SALT) deduction cap. As GOP factions vie for influence, critical discussions are taking place regarding potential changes to the SALT deduction, which Governor Kathy Hochul claims is costing New Yorkers $12 billion annually. New York lawmakers are particularly vocal, with representatives urging Trump to lift the cap to benefit high-income households. However, the meetings are threatened by budget hawks within the party, raising questions about the future of tax reform. The outcome of these discussions could significantly impact the GOP agenda and the broader tax landscape.
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