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Johnson Says Agreement Reached on Raising SALT Cap to $40,000
News May 21, 2025 at 10:53 AM
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What You Need To Know
- The agreement suggests a resolution to one of the final issues holding up President Donald Trump’s economic bill.
- The $40,000 SALT limit will phase out for annual incomes greater than $500,000.
- Several lawmakers have threatened to reject any tax package that does not raise the SALT cap sufficiently.
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