Republican Senators Consider Setting a $30,000 SALT Cap in Trump Tax Law
A key Republican negotiator has indicated that Republican senators are considering setting a $30,000 cap on state and local tax (SALT) deductions as a compromise between the current law and the more generous cap in the House version of the Trump tax plan. Moderate Republican Senator Thom Tillis, who is involved in the negotiations, stated that Republican senators are seeking to lower the $40,000 SALT cap passed by the House to at least $30,000. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump: Musk Really Likes Me
Cooling CPI Fails to Alter Volatile Pattern as Bitcoin Holds Key Support
US influencer Andrew Tate makes 76 trades on Hyperliquid, losing $583,000
Trending news
MoreCrypto prices
More








