Trump, tax and Economic Agenda
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President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction, according to a senior administration official, signaling a deadlock as Republicans aim to quickly pass a giant tax-cut bill.
President Donald Trump urged House Republicans to stop negotiating and pass his sweeping filibuster-proof reconciliation bill Tuesday.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
A faction of New York's Republican congressional delegation has threatened to reject any tax package that does not give a meaningful raise to the SALT cap.
The unexpected voice vote comes as congressional Republicans work to pass legislation that would include a similar provision.
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House Republicans advanced the bill late Sunday, but budget analysts across the political spectrum warn that the proposal worsens the U.S. fiscal picture.
Members of the SALT Caucus and Republican House leadership have agreed to a compromise on raising the cap on state and local tax deductions, a breakthrough for the GOP as it tries to pass its $4 trillion tax-cut and spending bill.
Updates and the latest news as Trump addresses House Republicans about the reconciliation bill and RFK Jr. testifies to Congress about DOGE cuts and his vaccine views.