Republicans report progress, but no deal on critical SALT issue

Jun 26, 2025 - 05:00
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Republicans report progress, but no deal on critical SALT issue
It’s crunch time for negotiations over the state and local tax (SALT) deduction cap. After a high-stakes meeting with Treasury Department Secretary Scott Bessent on Wednesday, House Republicans in the SALT Caucus and a key GOP senator reported “progress” but no deal, leaving one of the thorniest issues in the party’s tax and spending bill…