Trump, SALT deduction and One Big Beautiful Bill
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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.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.
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.
The largest police union in the country has issued an endorsement of key provisions of the President Donald Trump-backed "big, beautiful" budget bill.
Michael Dowling, CEO of Northwell Health, stands with Reps. Tom Suozzi (D-Glen Cove) and Laura Gillen (D-Rockville Centre) as they address the potentially harmful consequences of cuts to Medicaid, SNAP, and other safety-net programs in the recent House-passed budget reconciliation bill on Wednesday in Levittown. Credit: Newsday/Howard Schnapp