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SALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair Warns
By
Erik Wasson
News May 07, 2025 at 10:44 AM
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What You Need To Know
- There will be a boost to the $10,000 cap, but not as much as some states want.
- Lawmakers from high-tax states including New York, New Jersey and California are fighting for much bigger increases.
- Despite a postponement of a Ways and Means Committee vote on the tax package this week, Congress is still on track to enact the giant tax cut package by July 4.
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