GOP Tax Bill Negotiations Intensify Over SALT Deductions
Current negotiations within the Republican Party are focused on the contentious state and local tax (SALT) deduction, which has emerged as a divisive issue in the proposed tax bill. Speaker Johnson has reached a tentative deal with blue-state Republicans to raise the SALT deduction cap to $40,000, aimed at benefiting homeowners in high-tax states like New Jersey and New York. While some lawmakers, including Trump, express concerns that raising the cap would primarily benefit high earners and could be perceived as a gift to Democratic governors, others push for its inclusion to ensure broader support for the bill. With bipartisan interest in the proposed tax cuts, the GOP aims to finalize a deal that balances the interests of various factions within the party.
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