Donald Trump, SALT and One Big Beautiful Bill
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It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000.
President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.