No Deal on SALT Deduction After Late-Night Talks

“A group of blue-state Republicans left a huddle with Speaker Mike Johnson late Monday night feeling uncertain if they could clinch a final deal with GOP leaders over a key tax in the coming hours,” Politico reports.

“Speaker Mike Johnson said negotiators are not quite there yet.”

“One offer discussed included a $40,000 SALT cap with an income limit that steeply tapered off within several years. That was not what SALT Republicans had expected, and some privately bristled at the latest presentation from the speaker.”