Source: New York Post
They’re getting SALT-y. Blue state Republican reps railed against rumored Senate plans to lower the state and local tax deduction (SALT) cap back down from the House-negotiated level of $40,000 to its current $10,000 threshold — vowing that it will be “dead on arrival. ” Ahead of the Senate Finance Committee’s release of its text for its modifications to the One Big Beautiful Bill Act, reporting from Punchbowl News indicated that the panel planned to chop down the SALT increase as a placeholder while negotiations play out.
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