Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on SALT deduction

by May 21, 2025
May 21, 2025
Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on SALT deduction

House Speaker Mike Johnson has reached a tentative deal with blue state Republican lawmakers to boost the cap on state and local tax deductions, or SALT, to $40,000 in President Donald Trump’s so-called ‘big, beautiful bill,’ Republican sources confirmed to Fox News late Tuesday. 

The proposed cap – which is up from $30,000 – would be per household for taxpayers making less than $500,000 per year. 

 It remains unclear whether GOP hardliners who oppose raising the SALT cap deductions will sign off on the measure. 

The tentative agreement, first reported by Politico and confirmed by Fox News, comes as House GOP factions have been engaged in high-stakes debates on taxes, Medicaid, and green energy subsidies while crafting the president’s ‘big, beautiful bill.’

SALT deduction caps primarily benefit people living in high-cost-of-living areas like New York City, Los Angeles, and their surrounding areas. 

Republicans representing those areas have framed raising the SALT deduction cap as an existential issue, arguing that a failure to address it could cost the GOP the House majority in the 2026 midterms. 

Meanwhile, Republicans representing lower-tax states are largely wary of raising the deduction cap, believing that it incentivizes blue states’ high-tax policies. 

Fox News Digital’s Elizabeth Elkind contributed to this report. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
AI cash boom masks rise of ‘zombiecorns’ as funding gaps widen in startup ecosystem
next post
PPF Dubai: Why More Drivers Are Choosing Paint Protection Film

You may also like

New poll reveals Dems are losing significant support...

February 8, 2024

Elon Musk Reportedly to Compete with Paypal with...

December 14, 2022

White House insists end of Title 42 doesn’t...

December 19, 2022

Trump naming Cabinet officials at ‘warp speed,’ far...

November 19, 2024

Biden lets American military info slip during live...

July 10, 2023

FBI Director Wray to testify before House Judiciary...

July 12, 2023

Nikki Haley says ‘Trump will not win the...

February 24, 2024

African country’s citizens fighting for Israel in Gaza...

March 14, 2024

Senator Rick Scott Says GOP Has Path to...

October 21, 2022

Transgender men should register for military draft ‘if...

July 9, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • GOP Bill Hikes Farm Subsidies

      June 10, 2025
    • Why business awards are more than just trophies — they’re catalysts for growth

      June 10, 2025
    • Rep. Stutzman’s Emergency Spending Accountability Act Aims to Restore Fiscal Discipline to Crisis Spending

      June 10, 2025
    • Balancing Public Safety and Individual Freedom: A Doctor’s Take on the ACIP Overhaul

      June 10, 2025
    • Iran becoming ‘much more aggressive’ in nuclear talks, Trump tells Fox News

      June 10, 2025
    • State Department reveals plan to deliver ‘life-saving’ meals to 1.4M starving children

      June 10, 2025

    Categories

    • Business (8,176)
    • Investing (2,026)
    • Politics (15,586)
    • Stocks (3,139)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved