Impasse over SALT cap deepens as House moderates stand firm
(The Hill) The impasse over the state and local tax (SALT) deduction cap is deepening as Senate Republicans and House moderates from high-tax blue states remain at a loggerheads, a stalled state of play that is threatening to thwart leadership’s goal of enacting the party’s “big, beautiful bill” by July 4.
Sen. Markwayne Mullin (R-Okla.) — a former House member and key liaison between Republicans in both chambers — spoke with a group of House GOP lawmakers in the SALT Caucus on Wednesday to discuss the issue, two sources familiar with the matter told The Hill, as top lawmakers hunt for a consensus on the cross-Capitol debate. Reps. Mike Lawler (R-N.Y.), Andrew Garbarino (R-N.Y.), Young Kim (R-Calif.) and Tom Kean Jr. (R-N.J.) were present, according to one of the sources.
Leaders are trying to bridge the gap between the House’s $40,000 SALT deduction cap for individuals making $500,000 or less and the Senate’s proposal for a $10,000 cap, which matches the number in current law. SALT Caucus members have deemed the Senate’s offer a nonstarter and are demanding that the House deal — which was the product of months-long negotiations with Speaker Mike Johnson (R-La.) — remains in the final product.
https://www.yahoo.com/news/impasse-over-salt-cap-deepens-100000250.html